Fed Chair Powell sees inflationary pressures to last well into the middle of 2022 and expects the Fed to raise interest rates and end asset purchases this year while a balance-sheet contraction could perhaps start later in 2022. During his Senate confirmation hearing, Powell also noted the Fed could raise rates more if needed, to get inflation back to the target level and prevent it from becoming entrenched. The Fed announced at its December 2021 meeting it would end its pandemic-era bond purchases in March, paving the way for three interest rate hikes by the end of 2022. But FOMC minutes released later showed a more hawkish Fed, and the central bank signalled it may become warranted to increase the federal funds rate sooner or at a faster pace than previously anticipated. source: Federal Reserve
Interest Rate in the United States averaged 5.47 percent from 1971 until 2021, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008. This page provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Fed Funds Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Interest Rate in the United States is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Fed Funds Rate is projected to trend around 1.75 percent in 2023, according to our econometric models.