Historical Year Data · 2016
Effective Fed Funds Rate in 2016
Effective Fed Funds Rate opened 2016 at 0.36% and closed at 0.55%, a +52.78% move for the year. The high of 0.66% was reached on December 15, and the low of 0.25% on March 31.
Open
0.36%
2016-01
Close
0.55%
251 data points
High
0.66%
Dec 15
Low
0.25%
Mar 31
Full Year Change
+52.78%
2015 Change
+66.67%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 0.36% | 0.29% | 0.38% | 0.29% | -19.44% |
| Feb | 0.38% | 0.29% | 0.38% | 0.29% | -23.68% |
| Mar | 0.36% | 0.25% | 0.37% | 0.25% | -30.56% |
| Apr | 0.37% | 0.30% | 0.37% | 0.30% | -18.92% |
| May | 0.37% | 0.29% | 0.37% | 0.29% | -21.62% |
| Jun | 0.37% | 0.30% | 0.41% | 0.30% | -18.92% |
| Jul | 0.41% | 0.30% | 0.41% | 0.30% | -26.83% |
| Aug | 0.40% | 0.30% | 0.40% | 0.30% | -25.00% |
| Sep | 0.40% | 0.29% | 0.40% | 0.29% | -27.50% |
| Oct | 0.40% | 0.31% | 0.41% | 0.31% | -22.50% |
| Nov | 0.41% | 0.31% | 0.41% | 0.31% | -24.39% |
| Dec | 0.41% | 0.55% | 0.66% | 0.41% | +34.15% |
Events During 2016
2016 Brexit Vote
Goldilocks
June 23–24, 2016
The UK voted to leave the European Union on June 23, 2016. The pound fell 10% overnight, its largest single-day drop since floating in 1971.
2014-2016 Oil Price Collapse
Deflation
June 2014 – February 2016
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
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