Fed officials continued to see the uncertainty surrounding the economic outlook as very elevated, with the path of the economy highly dependent on the course of the virus, minutes from the last September 15–16, 2020 meeting showed. Also, with inflation running persistently below its longer-run goal, the Fed judged that it would be appropriate to aim to achieve inflation moderately above 2 percent for some time. The federal funds rate will likely remain unchanged until labor market conditions had reached levels consistent with maximum employment and inflation had risen to 2 percent although it was on track to run moderately in excess of 2 percent for some time. Regarding fiscal stimulus, the Fed added that absent a new package, growth could decelerate at a faster-than-expected pace in the fourth quarter. The Fed left the target range for its federal funds rate unchanged at 0-0.25% on September 16th and signalled it would hold them there through at least 2023.
Interest Rate in the United States averaged 5.59 percent from 1971 until 2020, 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 October of 2020. source: Federal Reserve
Interest Rate in the United States is expected to be 0.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in the United States to stand at 0.25 in 12 months time. In the long-term, the United States Fed Funds Rate is projected to trend around 0.25 percent in 2021, according to our econometric models.