USD Federal Funds Rate
Source maintained a target range of 5.25% to 5.50%;
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
- USD Federal Funds Rate Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 12, 2024 | 5.50% | 5.50% | 5.50% |
May 1, 2024 | 5.50% | 5.50% | 5.50% |
Mar 20, 2024 | 5.50% | 5.50% | 5.50% |
Jan 31, 2024 | 5.50% | 5.50% | 5.50% |
Dec 13, 2023 | 5.50% | 5.50% | 5.50% |
Nov 1, 2023 | 5.50% | 5.50% | 5.50% |
Sep 20, 2023 | 5.50% | 5.50% | 5.50% |
Jul 26, 2023 | 5.50% | 5.50% | 5.25% |
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- USD Federal Funds Rate News
- From youtube.com/cnbctelevision|28 hr ago
Richard Clarida, PIMCO global economic advisor, joins 'Closing Bell' to discuss what he expects the Fed's next move to be.
- From disciplinefunds.com|Jun 14, 2024|2 comments
I am ready to call it. The Fed should cut rates. July would be the right time to start in my opinion. To be clear, I don’t think they will do this. I still think the baseline first cut is November because the next few inflation prints will appear sticky enough for the Fed to keep rates where they are. And the election is too close to the September meeting for them to initiate cuts then. So I still think November is what we’re looking at. But if I were Jerome Powell I would cut in July. Here’s why: If you look at the Roche Recession ...
- From pimco.com|Jun 13, 2024
One softer-than-expected monthly inflation reading didn’t stop Federal Reserve officials from delaying the expected start of interest rate cuts. On the same day that core consumer price index (CPI) inflation registered its softest monthly reading in almost three years, the Fed adjusted higher its estimate for where its policy rate would land at year-end. The new median rate projection is 5.1%, implying one 25-basis-point (bp) rate cut in 2024, instead of the three 25-bp cuts estimated in the previous projections back in March. ...
- From livewiremarkets.com|Jun 12, 2024
A simple policy rule points to a slow and shallow easing cycle in the US, gradual rate cuts in the euro area, and risks around the RBA's conscious decision to raise rates by less than other countries in order to lock in the employment gains of the past few years. CCI uses a version of the Taylor rule to assess the risks around central bank forecasts for the policy interest rate in the US, euro area, and Australia. A Taylor rule estimates policy rates based on central bank forecasts for underlying inflation and inflation relative to ...
- From cnbc.com|Jun 12, 2024
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before the end of the year. With markets hoping for a more accommodative central bank, Federal Open Market Committee policymakers following their two-day meeting took two rate reductions off the table from the three indicated in March. The committee also signaled that it believes the long-run interest rate is higher than previously indicated. New forecasts released after this week’s two-day meeting indicated slight ...
- From federalreserve.gov|Jun 12, 2024|2 comments
Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have remained strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. In recent months, there has been modest further progress toward the Committee's 2 percent inflation objective. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals have moved toward better balance over the past year. The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks. In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments. post: FOMC STATEMENT COMPARE pic.twitter.com/GvM6dAmcak post: FED: DOES NOT EXPECT IT WILL BE APPROPRIATE TO REDUCE POLICY TARGET RANGE UNTIL GAINING GREATER CONFIDENCE INFLATION’S MOVING SUSTAINABLY TOWARD 2%
- From edition.cnn.com|Jun 12, 2024
The Federal Reserve is expected to keep interest rates at a 23-year high for the seventh consecutive meeting on Wednesday and signal that it will cut rates this year fewer times than previously thought. Investors and other market observers will be paying close attention to Fed officials’ latest economic forecasts — known as the “dot plot.” Economists are widely expecting officials to pencil in one or two rate cuts this year, instead of the three they forecast in March. Their projections for inflation will also be an important clue ...
- From marctomarket.com|Jun 12, 2024|5 comments
Position adjustments ahead of today's US CPI and FOMC meeting are giving the dollar a modestly heavier tone today. Each of these events are typically a source of volatility in their own right and together they promise an eventful North American session. The yen is the only exception among the G10 currencies, but even there, the dollar is holding below yesterday's highs. Even sterling's relative resilience this week was unmarred by the flat April GDP. Led by central Europe, most emerging market currencies are firmer too. The ...
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Released on Jun 12, 2024 |
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