WENESDAY 1:00PM USD/FEDERAL FUNDS RATE
Source
Measures
Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight;
Usual Effect
'Actual' greater than 'Forecast' is good for currency;
Frequency
Scheduled 8 times per year;
Next Release
FF Notes
The rate decision is usually priced into the market, so it tends to be overshadowed by the FOMC Statement, which is focused on the future;
Why Traders
Care
Short term interest rates are the paramount factor in currency valuation - traders look at most other indicators merely to predict how rates will change in the future;
Derived Via
FOMC members vote on where to set the target rate. The individual votes are published in the FOMC statement;
Also Called
Interest Rates, Fed Funds Rate;
Acro Expand
Federal Open Market Committee (FOMC);
History
Actual
Forecast
Previous
<2.25%
<2.25%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
<2.50%
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