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

Three reports this week showed inflation is accelerating, raising pressure on the Federal Reserve to hike interest rates and potentially increase borrowing costs.

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 ...

Six income funds can benefit from the Fed’s first rate hike since 2023, with higher short-term rates potentially boosting their yields and monthly distributions.

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

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 ...

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 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 ...

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 ...