Mortgage rates closely follow changes in the federal funds rate. For example, 30-year fixed mortgage rates jumped from 2.68% in late 2020 to over 7% by September 2023 as the Fed raised rates.

Retirees must understand the full impact to make smart money moves in the wake of it. That's especially true as multiple additional cuts are expected, which could bring the benchmark rate down to ...

The Federal Reserve had an inflation problem to tackle in 2022 and 2023, and it raised interest rates numerous times to tame it. Since the start of 2024, inflation has moderated. And in August ...

The interest rate on the 10-year Treasury note BX: TMUBMUSD10Y fell as low as 3.62% just before the Fed news. Today: 3.79%. The rate on BAA-rated investment grade corporate bonds was 4.85% before ...

The Fed raised the federal funds rate to 5.25-5.5% on July 26, 2023, its highest in 20 years. This rate influences various other interest rates, including mortgage and loan rates. Higher federal ...

If the Federal Reserve is successful in bringing inflation down, it might decide to begin lowering the federal funds rate at some point — and interest rates on consumer products will follow.

The federal funds rate sets what banks charge each other for overnight lending, but it also has a domino effect on almost all of the borrowing and savings rates Americans see every day. When the ...

The Fed’s 0.5% rate cut is really good news for American retirees — for the most part. Here's why. In September, the Federal Reserve reduced the benchmark interest rate by half a percentage ...