Interest rates federal reserve: Announcements This feed provides information about selected

Announcements This feed provides information about selected interest rate data from the Federal Reserve Board's H.15 release available through the Data Download Program (DDP). Fed Announces Big Rate Cut “We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank ... The Federal Reserve boosted its benchmark rate after inflation soared to a 40-year high in 2022. The Fed started cutting in 2024 as the inflation rate dipped, but has held it steady since... The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates. The New York Fed publishes the EFFR for the prior business day on the New York Fed’s website at approximately 9:00 a.m.