CD rates tend to track the federal funds rate. When the fed rate goes down, CD rates decline, and vice versa. The Federal Reserve held the federal funds rate steady for nearly a year but made its ...

CD rates tend to follow shifts in the federal funds rate, gradually rising and falling as the Federal Reserve makes changes to its target range. Since September 2024, the Fed has lowered the ...

What a difference a month makes. A month ago, traders were expecting the Federal Reserve to resume its policy easing path ...

The Federal Reserve is again leaving its benchmark interest rate at 4.25% to 4.5%, citing rising economic uncertainty.

The rate has stayed above 4% for more than two years as the Fed has aimed to lower inflation by keeping borrowing costs high.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

"HELOCs are based on the prime rate. So when the Fed moves the federal funds rate, the prime rate also moves in lockstep with the federal funds rate," says Melissa Cohn, regional vice president at ...

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts ...

Here's how the Fed's rate hike affects specifically credit card APRs, plus how you can avoid being impacted too much. The Fed controls what's called the federal funds rate, or the interest rate ...