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by EpicEng
1784 days ago
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Forget the article; the Fed is currently targeting a rate of 0.00-0.25 as far as I'm aware. That's the same as 2008, which was the lowest target ever. >As of 30 October 2019 the target range for the Federal Funds Rate is 1.50–1.75%.[10] This reduction represented the third of the current sequence of rate decreases: the first occurred in July 2019. As of March 15, 2020 the target range for Federal Funds Rate is 0.00–0.25%,[11] a full percentage point drop less than two weeks after being lowered to 1.00–1.25%.[12] >The last full cycle of rate increases occurred between June 2004 and June 2006 as rates steadily rose from 1.00% to 5.25%. The target rate remained at 5.25% for over a year, until the Federal Reserve began lowering rates in September 2007. The last cycle of easing monetary policy through the rate was conducted from September 2007 to December 2008 as the target rate fell from 5.25% to a range of 0.00–0.25%. Between December 2008 and December 2015 the target rate remained at 0.00–0.25%, the lowest rate in the Federal Reserve's history, as a reaction to the Financial crisis of 2007–2008 and its aftermath https://en.wikipedia.org/wiki/Federal_funds_rate Also, everything being equal, lower rates will _always_ increase demand. |
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