Fed Rate Cut History

Date Increase Decrease % Level

2008


April 30 25 2.00
March 18 75 2.25
January 30 50 3.00
January 22 75 3.50

2007


December 11 25 4.25
October 31 25 4.50
September 18 50 4.75

2006


June 29 25 5.25
May 10 25 5.00
March 28 25 4.75
January 31 25 4.50

2005


December 13 25 4.25
November 1 25 4.00
September 20 25 3.75
August 9 25 3.50
June 30 25 3.25
May 3 25 3.00
March 22 25 2.75
February 2 25 2.50

2004


December 14 25 2.25
November 10 25 2.00
September 21 25 1.75
August 10 25 1.50
June 30 25 1.25

2003


June 25 25 1.00

2002


November 6 50 1.25

2001


December 11 25 1.75
November 6 50 2.00
October 2 50 2.50
September 17 50 3.00
August 21 25 3.50
June 27 25 3.75
May 15 50 4.00
April 18 50 4.50
March 20 50 5.00
January 31 50 5.50
January 3 50 6.00

2000
May 16 50 6.50
March 21 25 6.00
February 2 25 5.75

1999
November 16 25 5.50
August 24 25 5.25
June 30 25 5.00

1998
November 17 25 4.75
October 15 25 5.00
September 29 25 5.25

1997
March 25 25 5.50

1996
January 31 25 5.25

1995
December 19 25 5.50
July 6 25 5.75
February 1 50 6.00

1994
November 15 75 5.50
August 16 50 4.75
May 17 50 4.25
April 18 25 3.75
March 22 25 3.50
February 4 25 3.25

1992
September 4 25 3.00
July 2 50 3.25
April 9 25 3.75

1991
December 20 50 4.00
December 6 25 4.50
November 6 25 4.75
October 31 25 5.00
September 13 25 5.25
August 6 25 5.50
April 30 25 5.75
March 8 25 6.00
February 1 50 6.25
January 9 25 6.75

1990
December 18 25 7.00
December 7 25 7.25
November 13 25 7.50
October 29 25 7.75
July 13 25 8.00