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 ...
If you've been paying attention to chatter about elevated interest rates in recent years, you've probably come across the term "federal funds rate" – or just "fed funds rate" for short.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's ...
The Federal paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate ...
Officials cut rates at their previous three meetings before taking a pause.
The Federal Reserve’s decision on Wednesday to keep its overnight bank lending rate where it is — following a full percentage ...
Global shares rose as investors digested earnings from Microsoft and Meta in the wake of this week's rout in technology ...
Nonetheless, already there is a clash with President Trump, who believes interest rates are “far too high." On his Truth Social platform, Trump went on the attack: Because Jay Powell and the Fed ...
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...