Federal Reserve Lowers Interest Rates
| Federal reserve rates changes (Just data after January 1, 2008 ) | |||||
| Date | Discount rate | Discount rate | Discount rate | Fed funds | Fed funds rate |
|---|---|---|---|---|---|
| Primary | Secondary | ||||
| rate change | new interest rate | new interest rate | rate change | new interest rate | |
| October 8, 2008* | -0.50% | 1.75% | 2.25% | -0.50% | 1.50% |
| April 30, 2008 | -0.25% | 2.25% | 2.75% | -0.25% | 2.00% |
| March 18, 2008 | -0.75% | 2.50% | 3.00% | -0.75% | 2.25% |
| March 16, 2008 | -0.25% | 3.25% | 3.75% | ||
| January 30, 2008 | -0.50% | 3.50% | 4.00% | -0.50% | 3.00% |
| January 22, 2008 | -0.75% | 4.00% | 4.50% | -0.75% | 3.50% |
– * Part of a coordinated global rate cut of 50 basis point by main central banks.
– See more detailed US federal discount rate chart:
Read more about this topic: Federal Reserve 800 Billion Dollar Consumer Loan And Bond Plan
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