You can read
this to see the predictions before the decision is announced later today.
There is a great graph in the article showing the rate since 1985.
It shows the Federal Funds Target Rate: the rate at which financial institutions lend reserves to each other overnight.
As you can see:
- the Federal Funds rate was greatly reduced (by 5%) in the recession that followed the bursting of stock market bubble in 2000
- the FED started increasing it in 2004, and it rose significantly (by 4%)
- When the Great recession hit, it very rapidly reduced (by 5%) the rate to just above zero
- The rate has been constant since 2008.
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