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 ...

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

In keeping with its mandate, the Fed prefers inflation to rise by 2% and for the labor market to be as fully employed as possible without causing inflation to go beyond that target rate.

Recession odds are rising as Trump’s tariffs sink bond yields, oil prices, and stocks. So, too, are the odds of multiple ...

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 ...

Wondering what’s in store for interest rates? Rate cuts are on pause for now, but we think that’s only temporary. We expect a further 2 percentage points in cuts to the federal-funds rate by ...

Federal Reserve Chair Jerome Powell said Trump tariffs are likely to raise inflation and slow economic growth.

At the end of its Federal Open Market Committee session on March 19, 2025, the Fed announced holding the federal funds target interest rate steady at a range of 4.25% to 4.50%. It marks the second ...

This rate is what lenders use to set interest ... has hovered around 3% for the past nine months — well above the Fed's 2% target. At the same time, tariffs add to the uncertainty.

In the last few years, consumers have enjoyed record-high annual percentage yields (APYs) on their savings accounts, thanks ...

Decode the Fed's unclear signals on rate hikes, inflation, and banking issues. Click here to find out more about the U.S.

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still ... Both are above the central bank’s 2% target. Even though the Fed maintained its forecast for two ...