Federal Funds Rate Change Since Last Year
Dated Announced Federal Funds Rate Percent Change Economic Assessment Banks' Prime
Lending Rate
Oct. 3, 2000 6.50% -- Inflation 9.50%
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 News

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