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Federal Funds Rate

Change and level, 1990 to present

Change (basis points)

		Date	Increase	Decrease	Level (percent)
		2008
		December 16	...	75 - 100	0 - 0.25
		October 29	...	50	1.00
		October 8	...	50	1.50
		April 30	...	25	2.00
		March 18	...	75	2.25
		January 30	...	50	3.00
		January 22	...	75	3.50
		2007
		December 11	...	25	4.25
		October 31	...	25	4.50
		September 18	...	50	4.75
		2006
		June 29	25	...	5.25
		May 10	25	...	5.00
		March 28	25	...	4.75
		January 31	25	...	4.50
		2005
		December 13	25	...	4.25
		November 1	25	...	4.00
		September 20	25	...	3.75
		August 9	25	...	3.50
		June 30	25	...	3.25
		May 3	25	...	3.00
		March 22	25	...	2.75
		February 2	25	...	2.50
		2004
		December 14	25	...	2.25
		November 10	25	...	2.00
		September 21	25	...	1.75
		August 10	25	...	1.50
		June 30	25	...	1.25
		2003
		June 25	...	25	1.00
		2002
		November 6	...	50	1.25
		2001
		December 11	...	25	1.75
		November 6	...	50	2.00
		October 2	...	50	2.50
		September 17	...	50	3.00
		August 21	...	25	3.50
		June 27	...	25	3.75
		May 15	...	50	4.00
		April 18	...	50	4.50
		March 20	...	50	5.00
		January 31	...	50	5.50
		January 3	...	50	6.00
		2000
		May 16	50	...	6.50
		March 21	25	...	6.00
		February 2	25	...	5.75
		1999
		November 16	25	...	5.50
		August 24	25	...	5.25
		June 30	25	...	5.00
		1998
		November 17	...	25	4.75
		October 15	...	25	5.00
		September 29	...	25	5.25
		1997
		March 25	25	...	5.50
		1996
January 31		...	25	5.25
1995
December 19	...	25	5.50
July 6	...	25	5.75
February 1	50	...	6.00
1994
November 15	75	...	5.50
August 16	50	...	4.75
May 17	50	...	4.25
April 18	25	...	3.75
March 22	25	...	3.50
February 4	25	...	3.25
1992
September 4	...	25	3.00
July 2	...	50	3.25
April 9	...	25	3.75
1991
December 20	...	50	4.00
December 6	...	25	4.50
November 6	...	25	4.75
October 31	...	25	5.00
September 13	...	25	5.25
August 6	...	25	5.50
April 30	...	25	5.75
March 8	...	25	6.00
February 1	...	50	6.25
January 9	...	25	6.75
1990
December 18	...	25	7.00
December 7	...	25	7.25
November 13	...	25	7.50
October 29	...	25	7.75
July 13	...	25	8.00

A basis point is 1/100 percentage point.

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