Do CD rates go up with the prime rate? The prime rate is a benchmark widely used by banks when setting interest rates. Returns on savings accounts, interest-bearing checking accounts and CDs ...

In a move that many Americans have been anticipating over the last couple months, on Wednesday the Federal Reserve raised interest rates for the first time since December 2018. The Fed, aiming to ...

While pricing for April is still undecided, we think the bank should keep cutting by at least another 50 (basis points) over ...

When the overnight rate increases, it’s more expensive for banks to borrow money. So the banks subsequently raise their prime rates to help cover costs by charging clients more interest.

Fed's Powell says tariffs put its goals of low inflation and a stable economy in tension. So it will 'wait for greater ...

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play ...

The Bank of Canada left its benchmark interest rate unchanged Wednesday as it waits to get a clearer picture of how global ...