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 ...

After its May 6-7 meeting, the central bank left its target for the federal funds rate unchanged. The rate, which banks charge each other for overnight loans, remains in a range of 4.25% to 4.5%.

The FedWatch tool tracks the likelihood that the Fed will change the fed funds rate based on futures prices. President Donald Trump's tariff proposals have put the Fed in a difficult position ...

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% ...

If you worry about tying up money you may need, consider building a CD ladder to get periodic access to portions of your funds while securing elevated rates ahead of the Fed rate cut. Unlike high ...