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: 2003

Rate: Decreases to 1 percent

The details: Following two years when 2 million people lose their jobs, the manufacturing, construction and technology sectors are leading an economic recovery. The Fed cuts the federal funds rate to 1 percent in June, and growth accelerates during the second half of the year at the fastest pace in nearly two decades.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement

Blog

Poonkulali Thangavelu

Home sales slow down in April

Sales of existing homes dropped off 3.3 percent in April.  ... Read more

advertisement
Partner Center
advertisement

Connect with us