Federal Reserve Chair Jerome Powell indicated in remarks Wednesday that central bankers are focusing on inflation concerns ...

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

The trajectory of the economy largely depends on how President Donald Trump's tariff-raising spree turns out, according to Federal Reserve officials who made public remarks this week. Several said ...

New York Fed President John Williams pushed back on calls from President Donald Trump and others for a quick interest-rate ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

CD rates tend to track the federal funds rate. When the fed rate goes down, CD rates decline, and vice versa. The Federal Reserve held the federal funds rate steady for nearly a year but made its ...

Rate cuts are on pause for now, but we think that’s only temporary. We expect a further 2 percentage points in cuts to the federal-funds rate by first-half 2027, bringing it to a target range of ...

Here's how the Fed's rate hike affects specifically credit card APRs, plus how you can avoid being impacted too much. The Fed controls what's called the federal funds rate, or the interest rate ...

Even so, the federal funds rate remains the highest since 2007, according to a Bankrate analysis of historic Fed moves. The big question is when the Fed could get back to cutting interest rates.