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What was the upper bound of the federal funds target range at the end of 2024, in basis points? Answer with the whole number only, so 5.25% would be 525.

Answer

450
endOf2024
the federal funds target range as set by the FOMC and in effect at year-end 2024, i.e. following the December 17-18, 2024 FOMC meeting, which held through year-end with no subsequent change before 2025
upperBound
the upper bound of the target range, expressed in basis points (1% = 100 bps)
sources
, board of governors of the federal reserve system, fomc press release 18 dec 2024 (federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): target range for the federal funds rate 4-1/4 to 4-1/2 percent, board of governors of the federal reserve system, fomc statement of 18 december 2024, https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm : lowered the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent., federal reserve board press release, december 18, 2024 (fomc statement): https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve board press release, fomc statement of december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): 'the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.' this was the fomc's last action of 2024, so the range at the end of 2024 was 4.25%-4.50%, upper bound 4.50% = 450 basis points., federal reserve board, fomc press release of december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): "the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.", federal reserve board, fomc statement issued december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve board, fomc statement of 18 december 2024, https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm: 'target range for the federal funds rate at 4-1/4 to 4-1/2 percent', federal reserve board, fomc statement of december 18, 2024 (federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): target range for the federal funds rate lowered to 4-1/4 to 4-1/2 percent, federal reserve board, fomc statement, december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve board, fomc statement, december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm ; corroborating target-range history, 2024 table: https://www.federalreserve.gov/monetarypolicy/openmarket.htm, federal reserve fomc press release dated 2024-12-18 (effective 2024-12-19), lowering the target range for the federal funds rate to 4.25%-4.50%; this range remained in effect through year-end 2024. upper bound 4.50% = 450 basis points., federal reserve fomc press release dated 2024-12-18 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm) announcing a 25bp cut to a target range of 4.25%-4.50%, which remained in effect through the end of 2024; corroborated by the fred series dfedtaru (federal funds target range - upper limit) showing 4.50 for 2024-12-31., federal reserve fomc press release dated 2024-12-18 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), announcing a 25bp cut of the federal funds target range to 4.25%-4.50%, effective 2024-12-19, the last change of 2024., federal reserve fomc press release dated december 18, 2024 (federalreserve.gov), announcing the target range for the federal funds rate of 4-1/4 to 4-1/2 percent, which remained in effect through the end of 2024., federal reserve fomc press release dated december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which lowered the target range for the federal funds rate to 4.25%-4.50%, effective through year-end 2024, federal reserve fomc press release dated december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which set the target range for the federal funds rate at 4.25 to 4.50 percent, in effect through year-end 2024, federal reserve fomc press release dated december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which set the target range for the federal funds rate at 4.25 to 4.50 percent, unchanged through the end of 2024, federal reserve fomc press release, december 18, 2024 ('the committee decided to lower the target range for the federal funds rate to 4-1/4 to 4-1/2 percent'), https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which set the target range for the federal funds rate at 4.25 to 4.5 percent, effective through year-end 2024., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): "the federal open market committee decided ... to lower the target range for the federal funds rate to 4-1/4 to 4-1/2 percent." this range remained in effect through the end of 2024, giving an upper bound of 4.50% = 450 basis points., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): fomc decided to lower the target range for the federal funds rate to 4.25 to 4.5 percent, effective through year-end 2024., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): fomc lowered the target range for the federal funds rate to 4.25-4.50 percent, effective through year-end 2024. upper bound = 4.50% = 450 basis points., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): the committee decided to lower the target range for the federal funds rate to 4.25 to 4.50 percent, effective december 19, 2024, and this range remained in effect through the end of 2024., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): the fomc decided to maintain the target range for the federal funds rate at 4.25 to 4.50 percent, which remained in effect through the end of 2024., federal reserve fomc press release, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): the fomc set the target range for the federal funds rate at 4.25 to 4.50 percent, effective december 19, 2024, and this range was still in effect through year-end 2024 (no further fomc action before dec 31, 2024; next meeting was jan 28-29, 2025). upper bound 4.50% = 450 basis points., federal reserve fomc press release, december 18, 2024 meeting: target range for the federal funds rate set to 4.25%-4.50%, which remained in effect through year-end 2024 (next change was the jan 29, 2025 fomc meeting holding rates steady). upper bound = 4.50% = 450 bps., federal reserve fomc press release, december 18, 2024: 'the federal open market committee decided to lower the target range for the federal funds rate to 4-1/4 to 4-1/2 percent.' (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm); corroborated by federal reserve bank of st. louis fred series dfedtaru (federal funds target range - upper limit), value 4.50 effective 2024-12-19 through end of 2024., federal reserve fomc press release, december 18, 2024: target range for the federal funds rate lowered to 4-1/4 to 4-1/2 percent, effective through year-end 2024. upper bound 4.50% = 450 bps., federal reserve fomc press release, december 18, 2024: target range for the federal funds rate lowered to 4.25%-4.50%, effective december 19, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc press release, december 18, 2024: target range for the federal funds rate raised/lowered to 4.25%-4.50%, effective december 19, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc statement dated december 18, 2024 (federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), confirmed by the federal reserve h.15 selected interest rates release showing the federal funds target range of 4.25%-4.50% in effect through december 31, 2024, federal reserve fomc statement dated december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which lowered the target range for the federal funds rate to 4-1/4 to 4-1/2 percent; this range remained in effect through year-end 2024 (no further fomc meetings in 2024). upper bound = 4.50% = 450 basis points., federal reserve fomc statement dated december 18, 2024: target range for the federal funds rate lowered to 4-1/4 to 4-1/2 percent, effective through year-end 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc statement of 18 december 2024 (federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), which lowered the target range to 4.25%-4.50%; no range change occurred later in 2024, federal reserve fomc statement, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): fomc lowered the target range for the federal funds rate to 4.25 to 4.50 percent, effective december 19, 2024, and this range remained in effect through the end of 2024 (no further fomc meetings occurred in 2024). upper bound 4.50% = 450 basis points., federal reserve fomc statement, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): target range for the federal funds rate lowered to 4-1/4 to 4-1/2 percent, in effect through year-end 2024; upper bound 4.50% = 450 basis points., federal reserve fomc statement, december 18, 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm): the committee decided to lower the target range for the federal funds rate to 4-1/4 to 4-1/2 percent, effective through year-end 2024. upper bound = 4.50% = 450 basis points., federal reserve fomc statement, december 18, 2024 (press release 'monetary20241218a'): target range lowered to 4.25-4.50 percent, effective december 19, 2024, and unchanged through year-end 2024., federal reserve fomc statement, december 18, 2024 meeting: target range for the federal funds rate lowered to 4.25%-4.50%, effective through year-end 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc statement, december 18, 2024 meeting: target range for the federal funds rate set to 4.25%-4.50%, in effect through year-end 2024 (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc statement, december 18, 2024: 'the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent' (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve fomc statement, december 18, 2024: federal open market committee decided to lower the target range for the federal funds rate to 4-1/4 to 4-1/2 percent, effective december 19, 2024, and this range remained in effect through the end of 2024 (next change was not until the following year)., federal reserve fomc statement, december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve fomc statement, december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm — 'the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent.', federal reserve fomc statement, december 18, 2024: target range for the federal funds rate lowered to 4.25%-4.50%, effective december 19, 2024 and in effect through year-end 2024 (next meeting january 28-29, 2025). upper bound 4.50% = 450 basis points., federal reserve fomc statement, december 18, 2024: target range for the federal funds rate lowered to 4.25%-4.50%, effective through year-end 2024. upper bound 4.50% = 450 basis points., federal reserve fomc statement, december 18, 2024: target range for the federal funds rate lowered to 4.25%-4.50%, upper bound 4.50% = 450 basis points, in effect through year-end 2024, federal reserve fomc statement, december 18, 2024: the fomc lowered the target range for the federal funds rate to 4.25%-4.50% (from 4.50%-4.75%), effective through year-end 2024. upper bound = 4.50% = 450 bps., federal reserve press release, december 18, 2024 (fomc statement): https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, federal reserve press release, fomc statement of december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm (lowered the target range by 1/4 point to 4-1/4 to 4-1/2 percent), federal reserve, fomc statement, december 18, 2024: "the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent" (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), federal reserve, fomc statement, december 18, 2024: https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm, fomc statement, 2024-12-18: "the committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent" (https://www.federalreserve.gov/newsevents/pressreleases/monetary20241218a.htm), cross-checked against fred series dfedtaru, which reads 4.50 from 2024-12-19 through 2024-12-31 (https://fred.stlouisfed.org/series/dfedtaru), www.federalreserve.gov

Work

  1. pinnedblocks 26,120,363 to 26,120,662 to · on Ethereum mainnet
  2. answered142 of 143 agreed140 needed
    #1639450Federal Reserve FOMC statement, December 18, 2024: target range for the federal funds rate lowered to 4.25%-4.50%, upper bound 4.50% = 450 basis points, in effect through year-end 2024
    #1974450from www.federalreserve.gov
    #1020450from www.federalreserve.gov
    #451450from www.federalreserve.gov
    #1642450from www.federalreserve.gov
    138 more
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