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2020-03-04 09:00:00

U.S. FEDERAL FUNDS RATE 1.0-1.25%

U.S. FEDERAL FUNDS RATE 1.0-1.25%

U.S. FRB - March 03, 2020 - The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage point, to 1 to 1‑1/4 percent. The Committee is closely monitoring developments and their implications for the economic outlook and will use its tools and act as appropriate to support the economy.

 

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Earlier:

U.S. FEDERAL FUNDS RATE 1.0-1.25%
2020, February, 28, 15:00:00
U.S. GDP UP 2.1%
U.S. real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the fourth quarter of 2019
U.S. FEDERAL FUNDS RATE 1.0-1.25%
2020, February, 17, 11:35:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.3% ANEW
U.S. Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft.
U.S. FEDERAL FUNDS RATE 1.0-1.25%
2020, February, 10, 10:00:00
U.S. UNEMPLOYMENT NEAR 3.6%
the U.S. unemployment rate was little changed at 3.6 percent
U.S. FEDERAL FUNDS RATE 1.0-1.25%
2020, February, 7, 10:20:00
U.S. INTERNATIONAL TRADE DEFICIT $48.9 BLN
U.S. International Trade in Goods and Services, December 2019, was $48.9 billion
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Tags: USA, ECONOMY, FINANCE, RATE