Current Federal Funds Rate. Coming out of the financial crisis of 2008, the Fed kept the fed funds rate at essentially zero until the end of December 2015. Since then, the Fed has embarked on a gradual campaign of raising rates as the economy has improved. As of March 22, 2018, the current fed rate was 1.68 percent.

Short-term interest rates are headed down because of expectations that the Federal Reserve will cut the federal funds rate next month.The Fed probably will lower the rate, at either its July 31 or.

Fed Funds Rate. Fed Funds rate (current target rate 1.75-2.00) 2.00 2.00 1.25 What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requires banks to keep a certain percentage of their customer’s money on reserve, where the banks earn no interest on it.

The Fed, which seeks to keep inflation around 2%, has had trouble sustaining price growth in recent months despite a healthy.

Mortgage rates are on the cusp of a new era, ushered in by a rare action by the Fed: a rate cut during an economic boom. typically, the Fed slashes rates in times of recession, as it did in 2008.

3 Because of insufficient current data, the published rate is a republication of the prior day’s rate Note starting with the March 1, 2016 rate, the published fields changed. To view historical data fields use the Federal Funds Data Historical Search . a The data source and the calculation methodology changed starting with the March 1, 2016 rate.

And the stock market has been hitting all-time highs. So what is the Federal Reserve contemplating? An interest rate cut,

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. dissents from Boston Fed President Eric Rosengren and Kansas City Fed President Esther George who argued for leaving rates unchanged. "This is the most dissent we’ve had in the current Fed; we had.

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The Federal Reserve’s approach to the implementation of monetary policy has evolved considerably since the financial crisis, and particularly so since late 2008 when the FOMC established a near-zero target range for the federal funds rate.

The current discussion is whether the Federal Reserve will lower interest rates by a quarter or half point. I don’t and along with very few others think they should leave rates as they are..

House Interest Rates 2017 April 2017 Mortgage Rates – Mortgage News Daily – A history of mortgage rates with charts for. average mortgage rates: april 2017. The declining interest rates earlier in the year along with increased refinancing made themselves felt in.