The Federal Reserve wraps up its two-day meeting this Wednesday with what looks like a straightforward decision to hold rates steady. Job growth collapsed in 2025, with just 584,000 positions added ...

The Federal Reserve sets the federal funds target rate, the interest rate at which commercial banks lend to each other overnight. The Federal Reserve raises the fed funds rate to cool down inflation.

You might see the terms "interest rate" and "annual percentage yield" (APY) used interchangeably when talking about interest-bearing accounts like HYSAs and CDs. The two are related — and both are ...