The Federal Reserve Bank is expected to hold its benchmark rate steady at its meeting on Wednesday, maintaining the same ...

Why the Fed cut rates. After hiking rates for 18 months straight, the Fed began its current rate-cutting path in September, encouraged by positive economic and employment data. According to ...

When the Fed concludes its policy meeting on Thursday, most economists expect the Fed to trim its short-term benchmark fed funds rate by a quarter percentage point to between 4.50% to 4.75%.

The Fed meets 8 times a year to set monetary policy that affects how Americans borrow and save. Here's when its rate-setting committee meets next — plus a recap of past meetings.

Fed policymakers at their July meeting opted to hold the federal funds rate at 5.25% to 5.50% and indicated that inflation is nearing a level where they would be comfortable cutting rates.

The Fed's first rate hike drove the federal funds rate from a pandemic-stimulus low of nearly 0% to a range between 0.25% to 0.5%. Inflation proved to be far more stubborn than initially ...

Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...

More Fed Rate Cuts To Follow. Markets are now projecting three cuts in 2024, taking the federal-funds rate down to 4.50%-4.75% by December. Markets expect a further four cuts in 2025, ...

But the Fed isn't expected to slash its policy rate, so those rates - currently above 8% for five-year bank car loans, and more than 21% for bank credit cards, Fed data shows - likely won't ...