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.

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.

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 ...

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.

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