Federal Reserve Bank of San Francisco President Mary Daly said she was still comfortable with projections the Fed released in March showing officials expect to lower interest rates twice before the end of the year.

The Fed hasn't adjusted interest rates this year, and isn't expected to make a move for months. Yet today's highest CD rate is better than you could score last week.

Traders are pricing in fewer Federal Reserve interest-rate reductions by the end of the year, according to the CME FedWatch tool. There’s now a 38% chance of the key rate falling by a half-point from the current level by the time the central bank has made its Dec.

Deutsche Bank reiterated its base case that “the first cut will come only at the December meeting.” However, it added a caveat: “The speed of the deterioration matters given the labor market’s non-linear dynamics (e.g., the Sahm rule). A faster-than-expected deterioration would likely warrant a faster dovish pivot.”

The Fed has indicated that interest rates aren’t coming down just yet. Here’s how to make the most of where we stand.

Federal Reserve Chair Jerome Powell met with Donald Trump at the White House, assured the President that the Fed will base monetary policy on objective data to support employment and stable prices, says “monetary policy will be based on non-political analysis”.

Federal Reserve Chair Jerome Powell has warned that longer-term interest rates will likely remain higher due to the risk of "volatile" inflation, in another sign that homebuyers should curb their expectations for mortgage rate relief.

The Fed’s 2026 projections range from 2.9% to 4.1% compared with the previous 2.4% to 3.9% range. Market expectations: Traders have placed low probabilities on the Fed cutting rates at the June or July meetings,