On Wednesday, the Federal Reserve announced another rate increase, this time by a quarter percentage point to a range of 4.75% to 5.00% — an expectedly smaller bump given the recent bank failures.

Today's widely anticipated Fed rate announcement will have a notable impact on savers. Here's what to expect for savings and ...

In December 2022, the Federal Reserve announced the seventh consecutive increase to the federal funds rate and indicated it intented to continue raising interest rates going forward. The Fed has ...

The higher the number, the lower the chances of a rate-cutting cycle, he outlined. "Four to five [percent inflation] is going to be seen as a real blow and would keep the Fed from cutting and might ...

The Fed doesn't base its interest-rate moves on the CPI, however. The central bank prefers the less publicized personal-consumption expenditures, or PCE, price index as the best measure of inflation.

When the Fed raises the target rate, banks increase their rates too, making credit more expensive and savings accounts more lucrative. Lowered rates, on the other hand, have the opposite effect.

During the pandemic, plunging mortgage rates and limited inventory sent home prices skyrocketing. Then, as the Federal Reserve's inflation-fighting efforts led to an increase in the benchmark ...

Kashkari warns Fed may hold off on Dec rate cut if inflation surprises, discusses housing, tariffs & labor market. Fed ...

However, this choice to prioritize avoiding recession risks may increase ... and other Fed officials argue that the current ...

The Fed on Wednesday lowered its benchmark rate by 0.50 percentage points, a critical pivot after the central bank introduced ...

The Federal Reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of ...

Wall Street has been waiting a long time for this, having powered through two years of relentless Federal Reserve rate hikes, ...