The federal funds rate is a rate set by the government that banks charge each other for short-term loans. Learn how the federal funds rate affects your money.

The Fed hiked rates last month for the first time in three years.

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

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 ...

The Federal Reserve raised interest rates on Wednesday, marking its first hike in more than three years, in a move that will likely make borrowing more expensive while giving savers a modest boost.

Since taking over the role of Chairman of the Federal Reserve in May, Kevin Warsh has been adamant that he would deliver price stability. In the meantime, inflation has continued to climb higher, ...

Kevin M. Warsh, the chairman of the Federal Reserve, on Wednesday left open-ended how much more interest rates may have to rise to tame inflation.

Borrowers watch out, we're witnessing the first interest rate hike in more than three years. It likely will not be the last as the Fed tries to derail dogged inflation. On Wednesday, Sept. 16, the ...

Preferred-stock closed-end funds have been a favorite with income investors for years, and it’s easy to see why. They typically pay distribution rates well above what core bond funds offer, a good ...

MIAMI - MAY 20: Yera Dominguez receives a credit card from a customer for payment at Lorenzo's Italian Market on May 20, 2009 in Miami, Florida. (Photo by Joe Raedle/Getty Images) The Fed is expected ...

Polo Rocha has written about economics and banking for a decade. David Paul Morris / Bloomberg via Getty Images The Federal Reserve is expected to raise interest rates to a target range of 3.75% to 4% ...

Federal Reserve Chairman Kevin Warsh speaks during a news conference after hiking interest rates on Sept. 16. The Federal Reserve's meeting minutes could take on extra importance when they are ...