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 ...

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 ...

In an effort to support the economy, the FOMC dropped the federal funds target rate to a range of zero to 0.25%. However, as the economy bounced back shortly after, so did inflation. The strained ...

President Donald Trump called Federal Reserve chair Jerome Powell “wrong” for his decision to not further cut interest rates.

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

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 ...

The White House’s actions have made it harder for the Fed to cut rates,” said a Columbia Business School professor.

Under a nominal GDP target, the Fed would be concerned only with keeping ... As the financial crisis intensified that summer and early fall, however, the Fed kept the federal funds rate at the same ...

“The statement indicates more concern about weaker economic growth, but its outlook for the federal funds target is unchanged, and it made no change to the rate target at this meeting. The FOMC ...

One reason for this trend is Federal Reserve policy. The Fed responds to high inflation by raising the federal funds rate, ...