If you've been paying attention to chatter about interest rates in recent years, you've probably come across the term "federal funds rate" – or just "fed funds rate" for short. But what exactly is the ...

A little recent history here: The Federal Reserve jacked up its benchmark interest rate — the federal funds rate — back in 2022 and 2023, to a high of 5.25-5.5%, in a bid to fight rampant pandemic-era ...

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for ...