When inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by discouraging borrowing. It does ...

The Federal Open Market Committee (FOMC) decided to cut interest rates by a quarter of a percentage point when it wrapped up ...

The Fed stayed the course on its campaign of rate cuts Thursday, trimming its benchmark interest rate by a quarter-point in a widely expected move.

The Federal Reserve recently cut interest rates for the first time in four years. Interest rate cuts make mortgage, automobile and other loans more affordable. Economists expect more interest rate ...

Interest rates are a key tool that the Bank uses to control the level of inflation. After the August drop from 5.25 per cent ...

How much interest you can earn, however, depends on where savings rates currently stand. The national average savings account interest rate is 0.45% as of November 8, 2024, according to the latest ...

At the Federal Reserve's November meeting, which wrapped up just two days after Election Day, officials unanimously decided to cut interest rates once again. The cut was by a quarter point and ...

Remember when Donald Trump won the White House in 2016 in part on the promise of “Drill, baby, drill?” Well, it turns out ...

The Fed has long guarded its status as an independent institution able to make difficult decisions about borrowing rates, free from political interference. Yet during his previous term in the White ...

Two days after fierce Fed critic and former President Donald Trump won his second trip to the White House, the Federal Reserve stayed on course and cut interest rates for the second time since ...

Moreover, home equity lending options typically offer competitive interest rates since they're backed by your home. But home equity loan rates fluctuate in response to federal funds rate ...

The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is ...