Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil ...
After weighing a slightly lower unemployment rate with small increases in inflation in December, the Federal Reserve on Wednesday decided to leave its key overnight lending rate untouched. That ...
The Federal Reserve is expected to cut interest rates when it concludes its meeting on Wednesday. Many types of consumer products will be impacted once the Fed starts trimming its benchmark. Here’s ...
The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.
It wasn't that long ago when the average mortgage interest rate was comfortably over 7%. In August 2023, for example, the average rate on a conventional 30-year term was 7.31%, marking the highest ...
The Fed cut rates at its last meeting of the year The Federal Reserve cut rates by a quarter-point Wednesday afternoon in alignment with expectations. Business Insider is covering developments live ...
After cutting interest rates three times in the final months of 2024, the Federal Reserve has held monetary policy steady during 2025. Last Friday, Fed Chair Jerome Powell hinted at a potential rate ...
The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from credit card rates and mortgages to online savings accounts.
WASHINGTON ‒ With consumers focused on affordability heading into the holiday season, Federal Reserve Chair Jerome Powell said he hears Americans’ concerns over high costs “loud and clear.” Still, it ...
Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting ...
The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that's helped give lagging U.S. home sales a boost. The average long-term ...