The Federal Reserve cuts interest rates by half a percentage point
It was the first emergency rate cut since 2008 and also the biggest one-time cut since. The new benchmark interest rate is a range of between 1% and 1.25%.
Federal funds rate
Federal funds rate
Federal funds rate
Federal funds rate
Federal funds rate
Federal funds rate
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
0%
0.50%
1%
1.50%
2%
2.50%
2016
2017
2018
2019
2020
1%–1.25%
March 3
