Monday, September 8, 2025

Fed Funds Rate History 9-8-25

The Fed Funds Rate is the rate banks charge each other for loans banks make to each other.

The erratic chart below tracks the highs and lows from 1954 to 2025. The highs and lows are caused by Supply and Demand. 

Year  Percent

1954    0.83

1957    3.50

1958    0.93

1960    3.99

1961    1.17

1966    5.53

1967    3.88

1969    8.90

1972    3.30

1974  11.34

1976    4.65

1980  10.98

1981  19.04

1983    8.51

1984  11.06

1986    5.89

1989    9.81

1993    2.96

2000    6.50

2004    1.00

2007    5.24

2008    0.93

2011    0.09

2016    0.34

2019    2.40

2020    0.05

2024    5.33

2025    4.33

https://fred.stlouisfed.org/series/FEDFUNDS

As of the first week of September 2025, the effective federal funds rate is 4.33%. This rate has been stable at this level in recent days and throughout August 2025, according to data from the Federal Reserve and the St. Louis Fed's FRED database. 

https://www.google.com/search?q=fed+funds+rate+as+of+september+2025

As of September 4, 2025, the 10-year Treasury rate was 4.17%. This rate is determined by market forces, not directly set by the Federal Reserve, though the Fed's policy influences it. 

https://www.google.com/search?q=fed+10+year+rate+as+of+september+2025

The 10-year Treasury rate is the rate paid to all who buy US Treasury Bonds.

The U.S. inflation rate was 2.7% year-over-year as of July 2025.

https://www.google.com/search?q=us+inflation+rate+2025+ytd

Comments

The wild fluctuations in the Fed Funds Rates from 1954 to 2025 are affected by the amount of US dollars bought by other countries to use in Trade with other countries. Trade transactions between countries can be made in US dollars and other currencies.

The Fed Funds Rate at 4.33% should be lowered to 3% to reduce the cost of interest on the US $1.2 trillion Annual Deficit.

Banks borrow from other Banks when they want to fund Corporate Customers. Banks need to maintain liquidity and borrow to maintain it.  The Bank that lends to these Investing Banks want to put their extra money to work.

Norb Leahy, Dunwoody GA Tea Party Leader

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