The Federal Open Market Committee will meet on Tuesday and Wednesday before announcing the federal-funds rate target range, ...

The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto ...

The Fed has held its benchmark interest rate between 4.25% and 4.5% this year, though officials have penciled in two cuts by ...

President Trump argues that the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.

If the economy is “hot” and “booming,” the Fed shouldn’t lower interest rates. Republicans keep flubbing this.

The Fed’s rate-setting committee lowered the federal funds rate Wednesday from 5.25% to 5.5% down to 4.75% to 5%, a 50 basis point reduction that sat on the high end of consensus estimates.

Pro: A lower interest rate. Not only does a HELOC have a lower interest rate than a home equity loan (8.36% versus 8.41%), but it also has a significantly lower rate than many alternatives.

When interest rates are high, like they are now, the banks have to pay more to borrow money, and so do you, for loans, mortgages, credit cards and more.

But with the average mortgage interest rate around 6.50% right now - more than double what it was a few years ago - homebuyers may be looking for ways to get a rate even lower, and preferably ...

Interest rate forecast 2026. Economists anticipate interest rates will drift lower at a slower pace in 2026. The FOMC projects fed funds rates of 2.9% at year-end 2026 and 2027.

The Fed's first interest rate cut since March 2020 lowers the benchmark federal funds rate to a range of 4.75% to 5%. Interest rates had been at a range of 5.25% to 5.5% since July 2023, the ...