Federal Funds Target Rate (DISCONTINUED): 1 % as of 12-15-2008

Data for the period prior to 1994 come from the working paper "A New Federal Funds Rate Target Series: September 27, 1982 - December 31, 1993" (Thornton, Federal Reserve Bank of St. Louis, 2005, http://research.stlouisfed.org/wp/2005/2005-032.pdf). Due to an error in the paper values from April 2, 1986 - April 20, 1986 were adjusted manually to 7.3125%. Data from 1994 to the present are derived from FOMC meeting transcripts and FOMC meeting statements, http://www.federalreserve.gov/fomc/. Effective December 16, 2008, target rate is reported as a range. Current data at https://fred.stlouisfed.org/series/DFEDTARU and https://fred.stlouisfed.org/series/DFEDTARL

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Category, Region, Data Source:

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Stats

Last Value 1 %
Latest Period 2008-12-15
Last Updated 2015-05-04 14:10:26-05
Frequency D
Average Growth Rate -0.02
Long Term Average 5.35
Value from 1 Year Ago 4.25
Change from 1 Year Ago -76.47
Unit %
Adjustment %

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