The Fed has cut interest rates for the first time in more than a decade

2.5 Federal funds target rate

October 2008

Rate cut from 2% to 1.5%

2.0

July 2019

Rate lowered to 2%-2.25%

1.5

December 2015

Rates start to rise at the end of 2015

1.0

December 2008

Rate cut to 0.25% to encourge lending during the financial crisis

0.5

0

2010

2015

2020

2.5 Federal funds target rate

October 2008

Rate cut from 2% to 1.5%

2.0

1.5

December 2008

Rate cut to 0.25% to encourge lending during the financial crisis

December 2015

Rates start to rise at the end of 2015

July 2019

Rate lowered to 2%-2.25%

1.0

0.5

0

2010

2015

2020