The federal funds rate is the interest banks charge each other for overnight loans. Set by the Federal Reserve, it's a basis ...

The Fed is widely expected to cut its benchmark interest rate on Wednesday, though it remains unclear how aggressive the ...

If the Fed cuts interest rates today, borrowers will likely see interest rates ease off their peaks on things like credit ...

President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation ...

In a significant shift for the US economy, the Federal Reserve is expected Wednesday to announce its first interest rate cut since Covid.

Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators ...

The 50-basis point cut was a last-minute surprise that left markets scratching their heads about how to react.

Called the Fed rate, this rate is the benchmark that ... Created by the Federal Reserve Act of 1913, districts within the Federal Reserve System work together to manage the country’s money ...

In this article: What does the Federal Reserve do? What is a central bank? The Federal Reserve System The FOMC and what it does How Fed interest rate moves impact the U.S. economy FAQs ...

So, no surprise there. After inflation peaked at 9.1% in June 2022, the Federal Reserve has worked to tame consumer prices with a series of 11 interest rate hikes over the ensuing months.

The Federal Reserve's recent interest rate cut has led to varied responses from political figures and economists as the ...

The decision by the Fed's policy-setting committee to cut interest rates for the first time since March 2020 was prefaced by ...