If the Federal Reserve cuts its benchmark rate this year, it will push savings and CD rates lower. Here's what the central ...

President Donald Trump on Friday called on Chairman Jerome Powell to cut interest rates. The comments come ahead of Powell's ...

thanks primarily to the Federal Reserve raising its federal funds rate in an effort to curb inflation. Inflation slowed in 2024, though, and savings rates fell in tandem during the last quarter.

The Federal Reserve’s dot plot showed that officials still see two more rate cuts coming in 2025, despite a more pessimistic ...

That decision leaves the benchmark federal funds rate parked at a range of 4.25% to 4.5%, where it has sat since December. The Fed has now stood on the economy’s sidelines for two consecutive ...

The Fed releases a report called the Summary of Economic Projections (SEP) four times per year, which tells the public where ...

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 ...

Forbes Advisor has compiled this history as a handy guide to the course of the federal funds rate and the Federal Reserve’s monetary policy decisions since 1990. The federal funds rate is the ...

Fed officials see the fed funds rate falling to 3.9% this year, on par with its previous December projection. Coming into the decision, markets had priced in two to three additional rate cuts this ...

Powell’s Fed peaked interest rates at +5.25-5.50% from September 2023 for a full year. The last time the Fed funds rate was that high was for a couple months in early 2001, shortly after the ...

The central bank's decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%. The move comes after the Fed left rates at that level at its previous meeting in January ...

the panel announced it would keep the target federal funds rate—the level at which banks can loan to one another, which heavily influences borrowing costs across the economy—the same at 4.25% ...