July 27, 2023
At its July 2023 meeting, the Federal Reserve’s FOMC announced it was raising the Fed Funds Rate by 25 bps to a range between 5.25% and 5.50%, noting that unemployment remains low and inflation remains elevated. The rate hike in May was, at the time, widely anticipated to be the last in the cycle. However, […]
May 9, 2023
At its May 2023 meeting, the Federal Reserve’s FOMC announced it was raising the Fed Funds Rate by 25 bps to a range between 5.00% and 5.25%. This was widely expected to be the last in a series of rate hikes that began in March 2022. The Fed’s statement can be found here. This chart offers […]
April 18, 2023
At its March 2023 meeting, the Federal Reserve’s FOMC announced it was raising the Fed Funds Rate by 25 bps to a range between 4.75% and 5.00%. This was the latest in a series of rate hikes that began in March 2022. The Fed’s statement can be found here. This chart offers a longer-term perspective on […]
February 6, 2023
At its January-February 2023 meeting, the Federal Reserve’s FOMC announced it was raising the Fed Funds Rate by 25 bps to 4.75%. This was the latest in a series of rate hikes that began in March 2022. The Fed’s statement can be found here. This chart offers a longer-term perspective on the Fed Funds rate, which […]
January 5, 2023
At its December 2022 meeting, the Federal Reserve’s FOMC announced it was raising the Fed Funds Rate by 25 bps to 4.5%. This was the latest in a series of rate hikes that began in March 2022. The Fed’s statement can be found here. This chart offers a longer-term perspective on the Fed Funds rate, […]