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 Select ...

the size of each rate change in basis points—abbreviated as bps—and the resulting federal funds target rate range. Basis points are a common unit of measurement for interest rates. One basis ...

In the last few years, consumers have enjoyed record-high annual percentage yields (APYs) on their savings accounts, thanks ...

The unemployment rate has stabilized at a low level in recent months ... In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 ...

The federal funds rate is the interest rate the government sets for one bank to charge another bank for ultra-short-term loans, usually just overnight. It's actually a target rate range.

That brought the federal-funds rate back down to a target range of 4.25%-4.50% ... if interest rates were to remain at today’s high levels have not played out. For example, many borrowers ...

If the Federal Reserve cuts its benchmark rate this year, it will push savings and CD rates lower. Here's what the central ...

The Federal Reserve’s key borrowing benchmark is currently in a target range of 4.25-4.5 percent ... Even so, the federal funds rate remains the highest since 2007, according to a Bankrate ...

Next week's Fed rate announcement could impact how much you can earn on savings accounts and CDs going forward. Here's what ...

the panel announced it would keep the target federal funds rate—the level at which banks can loan to one another, which heavily influences borrowing costs across the economy—the same at 4.25% ...

The central bank forecasts inflation to edge up to 2.7%, up from from its current level of 2.5%. Policymakers now expect ... The Fed said it will maintain the federal funds rate at its current range ...