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FRED ~ - Federal Funds Target Range - Lower Limit Federal Funds Target Range - Upper Limit Effective Federal Funds Rate - . Interest Rate

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FRED ~ - Federal Funds Target Range - Lower Limit Federal Funds Target Range - Upper Limit Effective Federal Funds Rate - . Interest Rate on Excess Reserves 3.0 2.5 2.0 1.5 IT Percent 1.0 0.5 TTTTTTTTTTTT 0.0 -0.5 2009-01 2010-01 2011-01 2012-01 2013-01 2014-01 2015-01 2016-01 2017-01 2018-01 2019-01 U.S. recessions are shaded; the most recent end date is undecided. Source: Board of Governors of the Federal Reserve System (US) fred.stlouisfed.org

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