Just like savings rates and credit card interest rates, CD rates tend to move with the federal funds rate. When the Federal Reserve increases its benchmark rate, interest rates across the economy ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of ...

also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select explains how and why the Federal Reserve sets this rate ...

The Fed has now stood on the economy’s sidelines for two consecutive meetings, dating to January, after an unusually busy period of interest rate increases and reductions over the previous three ...

The Federal Reserve held its benchmark interest rate steady on Wednesday, with Chair Jerome Powell saying there is "high uncertainty" about the potential impact of the Trump administration's trade ...

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to assess uncertainty around inflation and economic conditions in light ...