Fed’s Hammack Says Rates on Hold, Not Meaningfully Restrictive
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates are not “meaningfully restrictive” and should be ...
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Understanding the federal funds rate: What it is and how it affects your wallet
The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC ...
Regional Fed bank sees negative growth rate in first quarter, first contraction in three years
The Atlanta Fed's GDPNow forecast for the first quarter was just revised to show a contraction at a 1.5% annual rate. This would be the first quarterly contraction in the economy since the first ...
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Best CDs Right Now to Maximize Your Savings
At the last Fed meeting, the Federal Reserve kept interest rates steady. Fed rates tend to impact CD rates, so it's expected that CD rates will stay relatively stable until the next Fed ...
Inflation Eased Slightly in January, Fed’s Preferred Gauge Showed
The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, ...
‘CD rates will likely keep dipping.’ You can still snag CDs paying 4-5%, but for how much longer?
While the Federal Reserve slashed rates three times in 2024, they’ve kept rates steady so far this year — and some CDs are ...
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Small inflation uptick leaves Fed waiting for signal to move
The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of ...
Philly Fed's Harker signals no rush to cut current restrictive rates
The U.S. central bank's policy rate should stay at current levels, Federal Reserve Bank of Philadelphia President Patrick ...