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United States Interest Rate

Last Release
Nov 2021
Actual
0.25 %
Forecast
0.25 %
Previous
0.25 %
Frequency
Daily
Units In
%
Next Release
Jan 26, 2022
Time to Release
7 Days 11 Hours
Highest
Lowest
Average
Date Range
Source
20 %
May 1981
0.25 %
Nov 2015
5.48 %1971 - 2021Federal Reserve
In the United States, the authority to set interest rates is divided between the Board of Governors of the Federal Reserve (Board) and the Federal Open Market Committee (FOMC). The Board decides on changes in discount rates after recommendations submitted by one or more of the regional Federal Reserve Banks. The FOMC decides on open market operations, including the desired levels of central bank money or the desired federal funds market rate.

Latest Updates

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.

United States Interest Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 11, 202214:46Fed Remains Prepared to Prevent Entrenched Inflation
Jan 5, 202219:16Fed Hints It May Remove Stimulus Quicker
Dec 15, 202119:02Fed Doubles Taper Pace, Sees Three Rate Hikes in 2022
Dec 15, 202110:25Fed to Announce Faster Taper and Interest Rates Hikes
Nov 30, 202117:46Fed May Consider Speeding Up Taper Amid Hot Inflation
Nov 30, 202110:21Powell Voices Concerns About COVID Risks, Inflation
Nov 24, 202119:13Fed Ready to Raise Rates If Inflation Remains High
DATETIMEEVENTActual
Jan 11, 202215:00Fed Chair Powell Testimony
Jan 5, 202219:00FOMC Minutes
Dec 15, 202119:30Fed Press Conference
Dec 15, 202119:00FOMC Economic Projections
Dec 15, 202119:00Fed Interest Rate Decision0.25 %
Nov 30, 202115:00Fed Chair Powell Testimony
Nov 29, 202120:05Fed Chair Powell Speech

United States money Indicators

All United States indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
Banks Balance Sheet
22,787.3
Dec 2021
22,852.3
Dec 2021
20,585.6
Feb 2021
20,675,310
Dec 2020
USD BillionWeekly1973 - 2021
Central Bank Balance Sheet
8,765,721
Jan 2022
8,757,460
Dec 2021
672,444
Jan 2003
8,790,495
Dec 2021
USD MillionWeekly2002 - 2022
Foreign Bond Investment
1,364
Sep 2021
30,694
Aug 2021
-299,300
Mar 2020
118,900
Mar 2021
USD MillionMonthly1978 - 2021
Foreign Exchange Reserves
40,816
Nov 2021
41,276
Oct 2021
12,128
Aug 1971
153,075
Sep 2012
USD MillionMonthly1957 - 2021
Interbank Rate
0.2
Dec 2021
0.2
Dec 2021
0.11
Sep 2021
10.63
Mar 1989
%Daily1986 - 2021
Interest Rate
0.25
Nov 2021
0.25
Oct 2021
0.25
Nov 2015
20
May 1981
%Daily1971 - 2021

Interest Rate across North America

Interest Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Canada
0.25
Dec 2021
0.25
Nov 2021
0.25
May 2010
16
Feb 1991
%Daily1990 - 2021
Mexico
5
Nov 2021
4.75
Oct 2021
3
Nov 2015
9.25
Oct 2005
%Daily2005 - 2021
United States
0.25
Nov 2021
0.25
Oct 2021
0.25
Nov 2015
20
May 1981
%Daily1971 - 2021

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