Historical Year Data · 1989

Federal Funds Rate in 1989

Federal Funds Rate opened 1989 at 9.12% and closed at 8.45%, a -7.35% move for the year. The high of 9.85% was reached on March 1, and the low of 8.45% on December 1.

Open

9.12%

1989-01

8.45%

12 data points

High

9.85%

Mar 1

Low

8.45%

Dec 1

Full Year Change

-7.35%

1988 Change

+28.26%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	9.12%	9.12%	9.12%	9.12%	+0.00%
Feb	9.36%	9.36%	9.36%	9.36%	+0.00%
Mar	9.85%	9.85%	9.85%	9.85%	+0.00%
Apr	9.84%	9.84%	9.84%	9.84%	+0.00%
May	9.81%	9.81%	9.81%	9.81%	+0.00%
Jun	9.53%	9.53%	9.53%	9.53%	+0.00%
Jul	9.24%	9.24%	9.24%	9.24%	+0.00%
Aug	8.99%	8.99%	8.99%	8.99%	+0.00%
Sep	9.02%	9.02%	9.02%	9.02%	+0.00%
Oct	8.84%	8.84%	8.84%	8.84%	+0.00%
Nov	8.55%	8.55%	8.55%	8.55%	+0.00%
Dec	8.45%	8.45%	8.45%	8.45%	+0.00%

Events During 1989

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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