History
of the Target Fed Funds Rate
from 1990 to The Present
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Click Here for the Current Fed Funds Target Rate -
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| Change Date |
Rate (%) |
| January 1, 1990 |
8.25 |
| July 13, 1990 |
8.00 |
| October 29, 1990 |
7.75 |
| November 14, 1990 |
7.50 |
| December 7, 1990 |
7.25 |
| December 19, 1990 |
7.00 |
| January 8, 1991 |
6.75 |
| February 1, 1991 |
6.25 |
| March 8, 1991 |
6.00 |
| April 30, 1991 |
5.75 |
| August 6, 1991 |
5.50 |
| September 13, 1991 |
5.25 |
| October 10, 1991 |
5.00 |
| November 6, 1991 |
4.75 |
| December 11, 1991 |
4.50 |
| December 20, 1991 |
4.00 |
| April 9, 1992 |
3.75 |
| July 2, 1992 |
3.25 |
| September 4, 1992 |
3.00 |
| February 4, 1994 |
3.25 |
| March 22, 1994 |
3.50 |
| April 18,1994 |
3.75 |
| May 17, 1994 |
4.25 |
| August 16, 1994 |
4.75 |
| November 15, 1994 |
5.50 |
| February 1, 1995 |
6.00 |
| July 6, 1995 |
5.75 |
| December 19, 1995 |
5.50 |
| January 31, 1996 |
5.25 |
| March 25, 1997 |
5.50 |
| September 29, 1998 |
5.25 |
| October 15, 1998 |
5.00 |
| November 17, 1998 |
4.75 |
| June 30, 1999 |
5.00 |
| August 24, 1999 |
5.25 |
| November 16, 1999 |
5.50 |
| February 2, 2000 |
5.75 |
| March 21, 2000 |
6.00 |
| May 16, 2000 |
6.50 |
| January 3, 2001 |
6.00 |
| January 31, 2001 |
5.50 |
| March 20, 2001 |
5.00 |
| April 18, 2001 |
4.50 |
| May 15, 2001 |
4.00 |
| June 27, 2001 |
3.75 |
| August 21, 2001 |
3.50 |
| September 17, 2001 |
3.00 |
| October 2, 2001 |
2.50 |
| November 6, 2001 |
2.00 |
| December 11, 2001 |
1.75 |
| November 6, 2002 |
1.25 |
| June 25,
2003 |
1.00 |
| June 30, 2004 |
1.25 |
| August 10, 2004 |
1.50 |
| September 21, 2004 |
1.75 |
| November 10, 2004 |
2.00 |
| December 14, 2004 |
2.25 |
| February 2, 2005 |
2.50 |
| March 22, 2005 |
2.75 |
| May 3, 2005 |
3.00 |
| June 30, 2005 |
3.25 |
| August 9, 2005 |
3.50 |
| September 20, 2005 |
3.75 |
| November 1, 2005 |
4.00 |
| December 13, 2005 |
4.25 |
| Change Date |
Rate (%) |
| January
31, 2006 |
4.50 |
| March 28, 2006 |
4.75 |
| May 10, 2006 |
5.00 |
| June 29, 2006 |
5.25 |
| September 18, 2007 |
4.75 |
| October 31, 2007 |
4.50 |
| December 11, 2007 |
4.25 |
| January 22, 2008 |
3.50 |
| January
30, 2008 |
3.00
(The
Current Fed Funds Target Rate) |
January 30, 2008: The Federal Open
Market Committee (FOMC)
has voted
to
cut short-term interest rates by 50 basis points. Therefore,
the
Federal Funds Target Rate is now 3.00%.
The next FOMC
monetary policy meeting is set to occur on March 18, 2008.
|
Mortgage
Rates Hit Record Lows! Click here for a Home Equity Loan
|
|
Cumulative Average of The Fed Funds
Target Rate (1990 - Present): 4.486
Fed Funds Target Rate Mode (Most
Frequent Value; 1990 - Present): 5.5
The Median Fed Funds Target Rate
(1990 - Present): 4.75
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