Wednesday, December 16, 2020

BREAKING: Fed Holds Interest Rates Steady

As expected, the Federal Reserve Board at its just-ended two-day monetary policy committee meeting has decided to maintain the interest rates it controls at current levels.

The current Board directed rate for Fed funds is the target range of 0.0% and 0.25%.

Here is a look at the Effective Fed Funds rate over time:

Click for larger view.

This is a developing story return to this post for updates.



Five FOMC members forecast no rate hikes until 2023 only 1 member sees a rate hike in 2022, none in 2021.

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