The federal funds rate is a key tool used by the Federal Reserve to keep the economy running smoothly and manage inflation.

The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.

On September 16, the Federal Reserve raised the federal funds target range by a quarter point to 3.75%–4.00%, marking its ...

The FOMC doesn't set the fed funds rate directly; it sets a target range and then uses four administered rates to hold the actual market rate inside it, split between banks and non-banks. IORB is the ...

As expected, the Federal Reserve raised the federal funds rate at its Sept. 16 meeting, moving the benchmark 25 basis points to a range of 3.75% to 4.00%. It's the first hike since July 2023, when the ...

The Federal Reserve enacted its first rate hike since 2023 on Wednesday at the conclusion of their September Federal Open Market Committee meeting, combined with some hawkish commentary. This helped ...

Mortgage rates moved lower this week, but it wasn't about today's decision from the Federal Reserve to keep the federal funds rate steady. The drop was driven by markets' reaction to the U.S. and Iran ...

The Federal Reserve is expected to raise the federal funds rate by one-quarter percentage point at the conclusion of its meeting on Sept. 16. A rate hike would push the prime rate up, increasing ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. The Federal Reserve's role in "setting interest rates" is widely misunderstood. The Fed ...

The next Federal Reserve meeting is on Wednesday, Sept. 16, and it could be a doozy because the central bank could deliver its first interest rate hike in more than three years. Many professional ...

The Fed’s first rate hike in three years signals a shift toward tighter policy, but monetary conditions remain modestly accommodative. Strong GDP, payrolls, and retail sales data suggest the economy ...