Fed cuts key interest rate by a quarter-point: What does it mean for you?

WASHINGTON - The Fed announced Wednesday a quarter-point cut to its benchmark rate, from about 4.6% to roughly 4.3%. This is the third rate cut - and final one - of the year. Here’s what to know and ... Read More

Federal Reserve is likely to cut interest rates next week. Here's what that means for you

The third interest rate cut in a row is on deck, which is welcome news for consumers struggling to keep up with sky-high interest charges. Read More

The Federal Reserve expects to cut rates more slowly in 2025. Here's what that could mean for you

The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with ... Read More

The Fed is lowering interest rates. So why are mortgage rates going up?

The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, they're higher. Why? Read More

The Fed's rate outlook has rattled markets. Here's what it means for global central banks

The Federal Reserve roiled markets by raising its inflation outlook and signaling fewer rate cuts next year — and global central banks were likely taking note. Read More

Live: Federal Reserve Chair Jerome Powell Says The Economy Is In A 'Really Good Place'

The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and rate cuts. Economists expect that the average prediction will be three rate ... Read More

Fed lowers interest rates again but inflation concerns make future cuts uncertain

The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut ... Read More

What are today's CD interest rates?

Saving money can be a challenge in an economy with ... best short-term CD rates you can qualify for here. Right now, both CD rates and savings rates in general offer higher rates than have been ... Read More

The Fed Cut Rates Again, but Don't Expect Relief From Sky-High Credit Card Interest

Average APRs have inched down slightly, but you should focus on lowering your credit card balance as soon as you can. Read More

Dow plunges by more than 1,100 points after Fed projects fewer rate cuts next year

For now, Fed Chair Jerome Powell said the effects higher tariffs could have on the economy ... benchmark interest rate by a quarter point on Wednesday, but it is projecting that it will cut interest ... Read More

Interest rate live updates: Bank of England keeps rates on hold

The Bank of England has kept interest rates on hold at 4.75% in the final Monetary Policy Committee meeting of 2024. Follow MoneyWeek for live updates and analysis ... Read More

Fed Cuts Rates, but Projects Fewer Reductions Next Year

Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next. Read More