Historical Year Data · 2003

Federal Funds Rate in 2003

Federal Funds Rate opened 2003 at 1.24% and closed at 0.98%, a -20.97% move for the year. The high of 1.26% was reached on February 1, and the low of 0.98% on December 1.

Open

1.24%

2003-01

0.98%

12 data points

High

1.26%

Feb 1

Low

0.98%

Dec 1

Full Year Change

-20.97%

2002 Change

-28.32%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	1.24%	1.24%	1.24%	1.24%	+0.00%
Feb	1.26%	1.26%	1.26%	1.26%	+0.00%
Mar	1.25%	1.25%	1.25%	1.25%	+0.00%
Apr	1.26%	1.26%	1.26%	1.26%	+0.00%
May	1.26%	1.26%	1.26%	1.26%	+0.00%
Jun	1.22%	1.22%	1.22%	1.22%	+0.00%
Jul	1.01%	1.01%	1.01%	1.01%	+0.00%
Aug	1.03%	1.03%	1.03%	1.03%	+0.00%
Sep	1.01%	1.01%	1.01%	1.01%	+0.00%
Oct	1.01%	1.01%	1.01%	1.01%	+0.00%
Nov	1.00%	1.00%	1.00%	1.00%	+0.00%
Dec	0.98%	0.98%	0.98%	0.98%	+0.00%

Events During 2003

1990 Japanese Bubble Collapse

Deflation

January 1990 – 2003

The Nikkei 225 peaked at 38,957 on December 29, 1989, then fell 82% over 13 years. Japan entered its "lost decades" of deflation, zero rates, and structural stagnation that still shapes global markets today.

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