Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Ireland
Quarterly
IRLCP040300GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
140.67%
Date Range
4/1/1990 - 7/1/2023
Summary
The Quarterly trend measures the 3-month interest rate for loans between commercial banks and the central bank in the United States. This indicator provides insight into the availability and cost of short-term credit in the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly trend represents the effective federal funds rate, which is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight. This is a key monetary policy tool used by the Federal Reserve to influence overall financial conditions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on transactions in the federal funds market.
Historical Context
The Quarterly trend is closely monitored by policymakers, economists, and financial market participants as an indicator of the Federal Reserve's monetary policy stance.
Key Facts
- The federal funds rate is the primary monetary policy tool of the Federal Reserve.
- The Quarterly trend has been published by the Federal Reserve since 1954.
- Changes in the federal funds rate impact borrowing costs and financial conditions across the economy.
FAQs
Q: What does this economic trend measure?
A: The Quarterly trend measures the 3-month interest rate for loans between commercial banks and the central bank in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly trend provides insight into the availability and cost of short-term credit, which is a key indicator of overall financial conditions and the Federal Reserve's monetary policy stance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on transactions in the federal funds market.
Q: How is this trend used in economic policy?
A: The Quarterly trend is closely monitored by policymakers, economists, and financial market participants as an indicator of the Federal Reserve's monetary policy stance and its impact on credit conditions.
Q: Are there update delays or limitations?
A: The Quarterly trend data is published by the Federal Reserve with minimal delay, providing timely information on short-term interest rates.
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Citation
U.S. Federal Reserve, Quarterly (IRLCP040300GPQ), retrieved from FRED.