Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside ...

Inflation at 2.1% by Fed's targeted measure; goal is 2% Employment cost index falls to lowest in more than 3 years Underlying ...

Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.

The fed funds rate (also known as the federal funds target rate) is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select explains how and why the Federal ...

Text Callout : Key Takeaways - Fed Rate Cut: Here Are the Winners and Losers The Federal Reserve met Sept. 18 and cut interest rates for the first time since 2020 – to the tune of 50 basis ...

But September brought a shift when the Federal Reserve cut rates for the first time in 2024. This helped push mortgage rates down for a short while, and more changes could be coming soon.

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

During its September meeting, the Federal Reserve lowered its benchmark interest rate by half a percentage point. The Fed has two more opportunities to lower rates again in 2024, and the next one ...

Each time the committee meets, it could mean a change to the federal funds rate. In September, the Federal Reserve implemented a 50-basis-point cut to the federal funds rate — the first cut it ...

Jerome Powell gambles he won’t have to raise rates in Trump’s term.