Fed holds interest rates steady
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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
Competition among smaller banks and credit unions has pushed the leading APY up to 4.50%
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Fed holds rates at 3.5%–3.75%, keeping mortgages high, credit cards costly, and signaling patience before any further cuts.
The Federal Reserve's policy committee is scheduled to meet next in late January, after cutting the Fed's key interest rate at each of the last three meetings.
A surprise drop in the unemployment rate in December is likely to keep the Federal Reserve on course to take a breather from cutting interest rates later this month. “The fall in unemployment to 4.4% in December, with November also revised fractionally ...
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.