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Click Here for the Current Fed Funds Target Rate - |
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Click Here for the Fed Funds Target Rate CHART - |
| Change Date |
Rate (%) |
| January 1, 1990 |
8.25 |
| July 13, 1990 |
8.00 |
| October 29, 1990 |
7.75 |
| November 14, 1990 |
7.50 |
| December 7, 1990 |
7.25 |
| December 19, 1990 |
7.00 |
| January 8, 1991 |
6.75 |
| February 1, 1991 |
6.25 |
| March 8, 1991 |
6.00 |
| April 30, 1991 |
5.75 |
| August 6, 1991 |
5.50 |
| September 13, 1991 |
5.25 |
| October 10, 1991 |
5.00 |
| November 6, 1991 |
4.75 |
| December 11, 1991 |
4.50 |
| December 20, 1991 |
4.00 |
| April 9, 1992 |
3.75 |
| July 2, 1992 |
3.25 |
| September 4, 1992 |
3.00 |
| February 4, 1994 |
3.25 |
| March 22, 1994 |
3.50 |
| April 18, 1994 |
3.75 |
| May 17, 1994 |
4.25 |
| August 16, 1994 |
4.75 |
| November 15, 1994 |
5.50 |
| February 1, 1995 |
6.00 |
| July 6, 1995 |
5.75 |
| December 19, 1995 |
5.50 |
| January 31, 1996 |
5.25 |
| March 25, 1997 |
5.50 |
| September 29, 1998 |
5.25 |
| October 15, 1998 |
5.00 |
| November 17, 1998 |
4.75 |
| June 30, 1999 |
5.00 |
| August 24, 1999 |
5.25 |
| November 16, 1999 |
5.50 |
| February 2, 2000 |
5.75 |
| March 21, 2000 |
6.00 |
| May 16, 2000 |
6.50 |
| January 3, 2001 |
6.00 |
| January 31, 2001 |
5.50 |
| March 20, 2001 |
5.00 |
| April 18, 2001 |
4.50 |
| May 15, 2001 |
4.00 |
| June 27, 2001 |
3.75 |
| August 21, 2001 |
3.50 |
| September 17, 2001 |
3.00 |
| October 2, 2001 |
2.50 |
| November 6, 2001 |
2.00 |
| December 11, 2001 |
1.75 |
| November 6, 2002 |
1.25 |
| June 25, 2003 |
1.00 |
| June 30, 2004 |
1.25 |
| August 10, 2004 |
1.50 |
| September 21, 2004 |
1.75 |
| November 10, 2004 |
2.00 |
| December 14, 2004 |
2.25 |
| February 2, 2005 |
2.50 |
| March 22, 2005 |
2.75 |
| May 3, 2005 |
3.00 |
| June 30, 2005 |
3.25 |
| August 9, 2005 |
3.50 |
| September 20, 2005 |
3.75 |
| November 1, 2005 |
4.00 |
| December 13, 2005 |
4.25 |
| January 31, 2006 |
4.50 |
| March 28, 2006 |
4.75 |
| May 10, 2006 |
5.00 |
| June 29, 2006 |
5.25 |
| September 18, 2007 |
4.75 |
| October 31, 2007 |
4.50 |
| December 11, 2007 |
4.25 |
| January 22, 2008 |
3.50 |
| January 30, 2008 |
3.00 |
| March 18, 2008 |
2.25 |
| April 30, 2008 |
2.00 |
| October 8, 2008 |
1.50 |
| October 29, 2008 |
1.00 |
| December 16, 2008 |
0 - 0.25 |
| December 16, 2015 |
0.25 - 0.5 |
| December 14, 2016 |
0.5 - 0.75 |
| March 15, 2017 |
0.75 - 1.00 |
| June 14, 2017 |
1.00 - 1.25 |
| December 13, 2017 |
1.25 - 1.50 |
| March 21, 2018 |
1.50 - 1.75 |
| June 13, 2018 |
1.75 - 2.00 |
| September 26, 2018 |
2.00 - 2.25 |
| December 19, 2018 |
2.25 - 2.50 |
| July 31, 2019 |
2.00 - 2.25 |
| September 18, 2019 |
1.75 - 2.00 |
| October 30, 2019 |
1.50 - 1.75 |
| March 3, 2020 |
1.00 - 1.25 |
| March 15, 2020 |
0 - 0.25 |
| March 16, 2022 |
0.25 - 0.50 |
| May
4, 2022 |
0.75 - 1.00 |
| Date
of Rate Change |
Rate (%) |
| June 15, 2022 |
1.50 - 1.75 |
| July
27, 2022 |
2.25 - 2.50 |
| September
21, 2022 |
3.00 - 3.25 |
| November
2, 2022 |
3.75 - 4.00 |
| December
14, 2022 |
4.25 - 4.50 |
| Date
of Rate Change |
Rate (%) |
| February
1, 2023 |
4.50 - 4.75 |
| March
22, 2023 |
4.75 - 5.00 |
| May
3, 2023 |
5.00 - 5.25 |
| July
26, 2023 |
5.25 - 5.50 |
| September
18, 2024 |
4.75 - 5.00 |
| November
7, 2024 |
4.50
- 4.75
(The Current Target Range
for the Fed Funds Rate) |
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The Current U.S. (Fed) Prime Rate is: 7.75%
November 7, 2024: The FOMC
has voted
to lower the
target
range for the fed funds rate to 4.50%
- 4.75%.
Therefore, the United States Prime
Rate is now 7.75%
The next FOMC meeting and decision on short-term
interest rates will be on December 18, 2024.
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