Richmond Fed President Tom Barkin thinks the Fed's benchmark rate, now in a range of 4.5%-4.75%, is better positioned to move in either direction depending on how the economy evolves. In his talk, ...

Minneapolis Fed President Neel Kashkari on Tuesday threw cold water on Wall Street hopes that the central bank will soon stop shrinking its balance sheet. In an interview on Yahoo Finance, Kashkari wa ...

Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...

Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.

However, the Fed takes a risk if it brings inflation down too much. Any major, rapid decline in economic activity can cause a ...

The Fed controls one interest rate: the federal funds rate, the short-term rate banks use to borrow from each other. The ...

Credit cards: Just before the Fed cut its key rate in September ... risk in the short term that mortgage rates may drift ...

Investors are paring their expectations for the Federal Reserve’s interest-rate reductions over the next few days, according to the CME FedWatch tool. Traders now see a 30% chance that the Fed keeps ...

But it's still a step in the right direction for borrowers, many of whom have contended with elevated rates on a variety of ...

"For now, however, the effect of these cuts won't be ... no one should expect dramatically reduced credit card bills anytime ...

Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.