The Federal Reserve has lowered interest rates over the past few months. Here's how their actions affect you.
Similar Stories to Federal Interest Rates Explained on Bing News
USA TODAY, USA Today: Money
Tue, 09/29/2020 - 12:09pm
BING NEWS:
- Interest rates are staying high—how to make them work in your favor
The U.S. Federal Reserve is keeping its benchmark interest rate at its current decades-long high. Savers and borrowers can take advantage of the moment.
05/3/2024 - 4:04 am | View Link - Fed holds interest rates at 23-year high as inflation continues to push back timing of a rate cut
The Federal Reserve said Wednesday it will hold interest rates at a 23-year high, making borrowing tougher for everything from car loans to mortgages.
05/1/2024 - 9:08 am | View Link - More
- Fed keeps interest rates at 23-year high : NPR
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.
05/3/2024 - 12:04 am | View Website - Federal Funds Effective Rate (FEDFUNDS) | FRED | St. Louis Fed
The federal funds rate is the central interest rate in the U.S. financial market. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings.
05/2/2024 - 1:20 pm | View Website - Selected Interest Rates (Daily)
Note: Current and historical H.15 data, along with weekly, monthly, and annual averages, are available on the Board's Data Download Program (DDP) at www.federalreserve.gov/datadownload/Choose.aspx?rel=H15 ). Weekly, monthly and annual rates are averages of business days unless otherwise noted.
05/1/2024 - 4:20 pm | View Website - The Fed hikes interest rates by a quarter point and ...
The Federal kept the target range of the federal funds rate unchanged at 5 percent to 5.25 percent, following a slew of 10 consecutive hikes since March 2022. Liu Jie/Xinhua/Getty Images The...
05/1/2024 - 2:18 pm | View Website - Federal Reserve holds rates steady. Here's what that means ...
Despite the Fed's flurry of interest rate hikes, inflation remains stubbornly high, with March prices rising 3.5% from a year earlier, fueled by higher housing and gasoline prices.
05/1/2024 - 12:17 pm | View Website - More
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