**Brief History and the Fed since 1994: - Apr...>

US: **Brief History and the Fed since 1994: 

- Apr 18, 1994: 25bps hike to 3.75%. Next meeting was in May, Fed didn`t want to

wait. Part of hiking cycle that ran Feb 1994-Feb 1995, fr 3.0% to 6.0%. 

- Oct 15, 1998: 25bps cut to 5.00%. Long-Term Capital Management fiasco. 2nd of

3 `mid-cycle` cuts in 1998 from 5.5% to 4.75% before hikes resumed in 1999. 

- Jan 03, 2001: 50bps cut to 6.00%. Dotcom bubble bursting, first cut of cycle

that ended with funds rate at 1.00% in 2003. 

- Apr 18, 2001: 50bps cut to 4.50%. Recession; Fed saw downside risks ahead. 

- Sep 17, 2001: 50bps cut to 3.00%. Post-9/11 attacks. 

- Aug 17, 2007: 50bps cut to discount rate to 5.75%. First easing of many that

would bring the Funds rate down to 0.00-0.25%. 

- Jan 22, 2008: 75bps cut to 3.50%. Financial crisis. Next cut: Jan 30, 50bps. 

- Mar 16, 2008: 25bps cut to discount rate to 3.25%. Bear Stearns collapse 

- Oct 08, 2008: 50bps cut to 1.50%. Coordinated cut with other central banks.