Daily
This dataset tracks daily over time.
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
2/1/1960 - 9/30/2022
Summary
The Daily National Overnight Rate Recommendation (NORRECDM) is a key economic indicator that tracks the Federal Reserve's daily recommendations for the overnight interest rate.
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 NORRECDM reflects the Federal Reserve's target for the federal funds rate, which is the interest rate at which banks lend reserve balances to other banks on an overnight basis. This rate is a critical benchmark that influences a wide range of other interest rates in the economy.
Methodology
The Federal Reserve calculates and publishes the NORRECDM daily based on its monetary policy decisions.
Historical Context
The NORRECDM is closely watched by financial markets, economists, and policymakers as a barometer of the Federal Reserve's monetary policy stance.
Key Facts
- The NORRECDM is published by the Federal Reserve every business day.
- The NORRECDM reflects the Federal Reserve's target for the federal funds rate.
- Changes in the NORRECDM signal adjustments to the Federal Reserve's monetary policy.
FAQs
Q: What does this economic trend measure?
A: The NORRECDM measures the Federal Reserve's daily recommendation for the overnight federal funds rate, which is a key benchmark interest rate in the economy.
Q: Why is this trend relevant for users or analysts?
A: The NORRECDM is a critical indicator of the Federal Reserve's monetary policy stance and can have significant implications for financial markets, consumer borrowing costs, and the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve calculates and publishes the NORRECDM daily based on its monetary policy decisions.
Q: How is this trend used in economic policy?
A: The NORRECDM is closely watched by policymakers, economists, and financial market participants as a barometer of the Federal Reserve's policy actions and expectations for future interest rate movements.
Q: Are there update delays or limitations?
A: The NORRECDM is published by the Federal Reserve every business day, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Daily National Overnight Rate Recommendation (NORRECDM), retrieved from FRED.