Some of the highest-rate 5-year fixed annuities, for example, are currently offering guaranteed rates of around 5.30% to 6.15%, while multi-year guaranteed annuities (MYGAs) with shorter terms ...

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 average rate for a 30-year mortgage reached a six-month high last week at 6.91 percent, according to Freddie Mac—less-than-stellar news for those looking to purchase a home in the near future.

That brings down the federal funds rate — the interest rate banks charge each other for borrowing money — to a range of 4.5% to 4.75% from its current 4.75% to 5% level.

Forbes Advisor has compiled this history as a handy guide to the course of the federal funds rate and the Federal Reserve’s monetary policy decisions over the last 35 years.

Fed Announces Big Rate Cut “We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank ...

The Federal Reserve will keep its key interest rate at 4.25%-4.5% amid economic uncertainty, including inflation concerns due to tariffs, as it monitors inflation and the labor market.

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to ...

President Donald Trump on Friday pressed Federal Reserve Chair Jerome Powell for a full-point interest-rate cut, saying the central bank’s monetary policy was a “disaster.” ...