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SOURCE ROOM

Open Market Operations — FOMC's target federal funds rate or range, change (basis points) and level (2003〜)

Board of Governors of the Federal Reserve System

Claims Supported by This Source

  1. 2006: Jan 31, 4.50%; Mar 28, 4.75%; May 10, 5.00%; Jun 29, 5.25% (each a 25bp hike).
  2. 2007: Sep 18, 50bp cut to 4.75%; Oct 31, 25bp cut to 4.50%; Dec 11, 25bp cut to 4.25%.
  3. 2008: Jan 22, 75bp cut to 3.50%; Jan 30, 50bp cut to 3.00%; Mar 18, 75bp cut to 2.25%; Apr 30, 25bp cut to 2.00%; Oct 8, 50bp cut to 1.50%; Oct 29, 50bp cut to 1.00%; Dec 16, 75–100bp cut to 0–0.25%.
  4. From the end of 2008 to October 2014, holdings were significantly increased through purchases of long-term securities (per page explanation).

How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.