Interest rates surged due to inflation—now they're falling
Effective Federal Funds rate over the past 30 years
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014
2016
2018
2020
2022
2024
0.0
1.0
2.0
3.0
4.0
5.0
6.0%
4.8%
