federal reserve

Timeline: The federal funds rate at work

 

1980 Federal Funds Rate 1980 Federal Funds Rate 1984 Federal Funds Rate 2003 Federal Funds Rate 2008 Federal Funds Rate 2012 Federal Funds Rate 2007 Federal Funds Rate 1993 Federal Funds Rate 1981 Federal Funds Rate 1974 Federal Funds Rate

Year: 1981

Rate: Increases to 20 percent

The details: With the economy still struggling from the second recession in three years and continued double-digit inflation, the Fed raises the federal funds rate in late May to 20 percent. Public opinion polls show widespread disapproval with President Ronald Reagan's handling of the economy, and Democrats gain 26 U.S. House seats in midterm elections the following year.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE REFINANCE AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 3.84%  0.04 3.80%
15 year fixed 3.06%  0.03 3.03%
5/1 ARM 3.14%  0.01 3.15%
 
View Rates in your area Next
Product Rate Change Last week
30 year fixed refi 3.91%  0.05 3.86%
15 year fixed refi 3.16%  0.08 3.08%
10 year fixed refi 3.13%  0.01 3.14%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.68%  0.03 2.65%
48 month used car loan 2.76%  0.11 2.87%
60 month new car loan 3.11% --0.00 3.11%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 1.07% --0.00 1.07%
2 Year CD 1.18% --0.00 1.18%
5 Year CD 1.76%  0.01 1.77%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.86% --0.00 15.86%
Cash Back Cards 16.37% --0.00 16.37%
Low Interest Cards 11.10% --0.00 11.10%
 
Next
advertisement

Blog

Holden Lewis

Jobs rise and so will rates

With the economy growing by 295,000 jobs in February, it looks like rising mortgage rates are here to stay.  ... Read more

advertisement
Partner Center
advertisement

Connect with us