US Federal Fund Target Rate

Posted by Alfonso Esparza at 10:51 am UTC, 05/29/2008

Under the leadership of Alan Greenspan the Federal Reserve Funds Rate started to climb from a rate of 1.00% in June 2003 until reaching a high of 5.25% on June 29th 2006. This marked the first meeting of the Federal Open Market Committee (FOMC) under current Chairman Ben Bernanke.The following FOMC meetings significantly lowered the Funds Rate. It is currently at 2.00% but market participants are forecasting that there won’t be any more cuts. The next scheduled FOMC meeting is the June 24th-25th.

Filed under: Economic Exposure

Trackbacks (3)

Fed Funds Rate and ECB Minimum Bid Rate | OANDA Forex Blog on 07/21/2008 UTC at 10:40 am

Fed to Pursue QE Even as Business Lending Gains on 11/12/2011 UTC at 8:09 am

FOREX Training – Trading Interest Rate Decision | Forex Online on 12/14/2011 UTC at 11:02 am

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US Federal Fund Target Rate

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