1 day ago · The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans. ... Even a pivot to rate hikes is possible ...

1 day ago · A chart of the federal funds target rate range which the Fed left unchanged at 4.25 percent to 4.5 percent.

1 day ago · The pause, the Fed's first rate decision since President Trump returned to office on Jan. 20, comes as economists predict the central bank is likely to take a wait-and-see approach to the ...

1 day ago · Consumer prices averaged 2.9% higher in December than the same period a year earlier — an annual rate that has hovered for months above the Fed’s 2% target.

1 day ago · Key Background. Wednesday solidifies the significantly scaled back expectations of much lower rates, with the Fed holding rates well above the sub-3% level they stood from 2009 to 2021.

1 day ago · Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates, adding the central bank is pausing to see further progress on inflation following a string of rate ...

Jul 26, 2023 · The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the...

Jul 26, 2023 · The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years.

Jul 26, 2023 · Rejection rates for credit cards, credit card limit increase requests, mortgages, and mortgage refinance applications rose to 21.5%, 30.7%, 13.2%, and 20.8%, respectively, the Fed said.

May 1, 2024 · The Federal Reserve said Wednesday it is holding interest rates at their current levels, as hotter-than-expected inflation data continues to push back the timing of the first rate cut.