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: 2007

Rate: Decreases to 4.75 percent

The details: The housing market's troubles prove to be far worse than expected, as spending on housing projects for the year tumbles by the largest margin in 25 years. However, energy prices are high and the Fed has inflationary concerns. But, with the economy slowing, it begins to lower the federal funds rate to 4.75 percent and eventually to 4.25 percent.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement

Blog

Stephen Pounds

World’s costliest home on market at $1.1B

For a cool $1.1 billion, you can own Villa Les Cedres (the cedars) in the billionaires' holiday town of Saint-Jean-Cap-Ferrat, near the city of Nice.  ... Read more

advertisement

Connect with us