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

and consumers were meant to feel a pocketbook pinch when the Fed, facing an inflation flare-up, jacked up its key interest rate from zero to a range of 5.25%-5.5% from March 2022-July 2023.

The CMEFedWatch Tool estimates the probability of future interest rate moves. The tool is updated in real-time in response to economic data releases, Fed statements, and market movements. The chart ...

Even with the Fed’s cutting, longer-term interest rates have hardly fallen compared with average levels over 2023-24. The strain of high interest rates is still weighing on the economy.

U.S. Federal Reserve Chair Jerome Powell has sent strong messages when he felt they were needed, going on television to ...

For example, the Fed raised its benchmark interest rate by more than five percentage points between early 2022 and mid-2023 to combat inflation by curbing consumer borrowing and spending. Though the ...

The Federal Reserve raised interest rates dramatically in 2022 and 2023, then eased them in late 2024, sparking significant swings in borrowing rates on homes and cars and savings rates at banks.

After climbing for the past couple of years, CD rates ... 2023. Just like savings rates and credit card interest rates, CD rates tend to move with the federal funds rate. When the Federal Reserve ...

However, the below chart undeniably shows that periods of high interest rates have ... even seen the full effects of the Fed's final rate hike from August 2023. But that isn't the only indicator ...

The Federal Reserve was widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March ...