I I I I I I I I I I - Federal Reserve - federalreserve 2025

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There are 12 Reserve Banks in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco. Why does Missouri have two Reserve Banks Kansas City and St. Louis?
The Federal Reserves next interest rate decision is scheduled for March 19th, 2025, at 2:00 PM Eastern Time (ET), which corresponds to 6:00 PM Coordinated Universal Time (UTC).
Right now, the Fed interest rate is 4.25% to 4.50%. The FOMC set the rate at its Dec. 17-18 meeting and has maintained the rate since. March 18-19, 2025.
In its role as the central bank of the United States, the Fed serves as a bankers bank and as the governments bank.
What time is the Fed rate decision? The Fed will release its latest policy statement at 2 p.m. EDT (1800 GMT).

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The effective federal funds rate (EFFR) is calculated as a volume-weighted median of overnight federal funds transactions reported in the FR 2420 Report of Selected Money Market Rates. The New York Fed publishes the EFFR for the prior business day on the New York Feds website at approximately 9:00 a.m.
The Feds key borrowing rate remains in the 4.25% to 4.5% range. Standing pat also allows Fed policymakers to see how the Trump administrations flurry of policy changes ultimately affects the US economy, he said.

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