Trump could order the Treasury Department to start buying mortgage-backed securities, like when the Federal Reserve bought ...

No change in interest rates is expected when the Federal Open Market Committee is scheduled to set rates again on March 19.

The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in ...

As of January 2024, the federal funds rate range was between 5.25% and 5.5%, which explains the prime rate of 8.5%. Several types of consumer interest rates are directly tied to the prime rate.

Credit card issuers base their variable interest rates off of the prime rate. Since this rate is directly influenced by the Fed's benchmark, a rate cut means that credit card APRs also drop.

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

Returns on savings accounts, interest-bearing checking accounts and CDs typically track the prime rate, which in turn tracks the federal funds rate. When the prime rate goes up, you can expect CD ...

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the ...

Bostic also said he still thinks the Fed’s benchmark policy rate is high enough to bring inflation down. "We couldn't wait until we got all the way to 2% to start reducing our rate. What we have ...