Federal Funds Rate Change Since Last Year | ||||
---|---|---|---|---|
Dated Announced | Federal Funds Rate | Percent Change | Economic Assessment | Banks' Prime Lending Rate |
Aug. 22, 2000 | 6.50% | -- | Inflation | 9.50% |
June 28, 2000 | 6.50% | -- | Inflation | 9.50% |
May 16, 2000 | 6.50% | +0.50% | Inflation | 9.50% |
March 21, 2000 | 6.00% | +0.25% | Inflation | 9.00% |
Feb. 2, 2000 | 5.75% | +0.25% | Inflation | 8.75% |
Dec. 21, 1999 | 5.50% | -- | Neutral | 8.50% |
Nov. 16, 1999 | 5.50% | +0.25% | Neutral | 8.50% |
Oct. 5, 1999 | 5.25% | -- | Tightening | 8.25% |
Aug. 24, 1999 | 5.25% | +0.25% | Neutral | 8.25% |
June 30, 1999 | 5.00% | +0.25% | Neutral | 8.00% |
May 18, 1999 | 4.75% | -- | Tightening | 7.75% |
Source: Federal Reserve's Open Market Committee and Bloomberg |
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