Historical Year Data · 1988

Federal Funds Rate in 1988

Federal Funds Rate opened 1988 at 6.83% and closed at 8.76%, a +28.26% move for the year. The high of 8.76% was reached on December 1, and the low of 6.58% on February 1.

Open

6.83%

1988-01

8.76%

12 data points

High

8.76%

Dec 1

Low

6.58%

Feb 1

Full Year Change

+28.26%

1987 Change

+5.29%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	6.83%	6.83%	6.83%	6.83%	+0.00%
Feb	6.58%	6.58%	6.58%	6.58%	+0.00%
Mar	6.58%	6.58%	6.58%	6.58%	+0.00%
Apr	6.87%	6.87%	6.87%	6.87%	+0.00%
May	7.09%	7.09%	7.09%	7.09%	+0.00%
Jun	7.51%	7.51%	7.51%	7.51%	+0.00%
Jul	7.75%	7.75%	7.75%	7.75%	+0.00%
Aug	8.01%	8.01%	8.01%	8.01%	+0.00%
Sep	8.19%	8.19%	8.19%	8.19%	+0.00%
Oct	8.30%	8.30%	8.30%	8.30%	+0.00%
Nov	8.35%	8.35%	8.35%	8.35%	+0.00%
Dec	8.76%	8.76%	8.76%	8.76%	+0.00%

Events During 1988

1982 Latin American Debt Crisis

Deflation

August 1982 – 1989

Mexico defaulted on its external debt in August 1982, triggering a seven-year crisis that engulfed Brazil, Argentina, Chile, and most of Latin America. The "lost decade" reshaped emerging market finance.

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