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The Federal Reserve just left its benchmark rate frozen between 4.25% and 4.5% for a fifth straight meeting, at its July 30 vote. In a rare occurrence, Governors Michelle Bowman and Christopher ...
Rates this month have been as high as 4.44%, well above the 0.56% national average, according to Bankrate. When the Fed cuts rates, the yields on these accounts will also move down.
The possibility of interest rate cuts has remained in play this year, with the Fed itself saying in its closely watched dot-plot that it expected two rate cuts by the end of 2025 in June.
Fed keeps rates steady, despite historic contrary votes and Trump pressure It’s the first time since 1993 that multiple FOMC members have voted against a rate decision.
WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s ...
Right after the Fed's most recent decision to hold the target range for the federal funds rate steady at 4.25% to 4.50%, which came the same day the Bureau of Economic Analysis reported better ...
The Fed has held interest rates steady this year, but with the CPI now a stone's-throw away from its annualized target of 2%, and the jobs market showing signs of weakness, Wall Street is betting ...
The Federal Reserve’s latest decision to hold its benchmark interest rate steady at 4.25% to 4.5% sent ripples through Wall Street, as it always does.
This includes setting interest rates, the focus of Trump's complaints about Powell. The Fed is made up of three primary entities: the Board of Governors, 12 Federal Reserve Banks and the Federal ...
The Federal Reserve resisted pressure from the White House last week and left its policy rate unchanged. It was the right decision. As Chair Jerome Powell acknowledged, the case for a cut was a bit… ...
The Federal Reserve’s preferred inflation gauge ticked up slightly in June as tariffs on imports started raising the cost of some goods – dampening hopes for an interest rate cut in September.
Fed officials now predict the central bank's benchmark interest rate to rise to 0.9% in 2022, up from the 0.3% expectation from September, signaling additional interest hikes.