The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.

The US Federal Reserve is broadly expected to pause its series of interest rate cuts Wednesday, resisting mounting attacks from President Donald Trump, while policymakers await more data on the

By Howard Schneider and Ann Saphir WASHINGTON, Jan 28 (Reuters) - The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a solid economy and diminished risks to both inflation and employment,

Competition among smaller banks and credit unions has pushed the leading APY up to 4.50%

Fed holds rates at 3.5%–3.75%, keeping mortgages high, credit cards costly, and signaling patience before any further cuts.

Federal Reserve governor Michelle Bowman said Friday that given fragility in the labor market, it is too soon for policymakers to signal that interest rates are on hold. Bowman argued that inflation,

The Fed cut rates again, easing borrowing but squeezing savers. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.