what is the current fed funds rate?
The current federal funds rate is 1.0 percent. The Federal Reserve expects to raise the rate two more times in 2017, to 1.5 percent. It signaled it will raise rates to 2 percent in 2018 and 3 percent in 2019. For more, see U.S. Economic Outlook. The 2008 recession caused the Fed to lower rates 0.25 percent.