federal reserve

The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.

Here’s how your mortgage, credit card, car loan, student debt and savings could be affected by the latest major Fed rate hike.

The Fed is expected to raise interest rates by three-quarters of a point Wednesday and then signal it will reduce the size of rate hikes starting in December.

In their updated economic forecasts, the Fed’s policymakers project that economic growth will remain weak for the next few years, with rising unemployment.

The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation. The increase will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and...

Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy.

The Federal Reserve announced Wednesday that they have raised the benchmark interest rate by 0.75% to curb high inflation.

The Fed’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.

Fed Governor Christopher Waller said he’s willing to consider what would be the most aggressive rate hike in decades at the central bank’s July meeting.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The Federal Reserve on Wednesday is expected to do something it hasn’t done in 28 years — increase interest rates by three-quarters of a percentage point.

The Federal Reserve said Monday that Russia’s war in Ukraine and surging inflation are now the greatest threats facing the global financial system, supplanting the coronavirus pandemic.

The Fed raised its benchmark interest rate by half a percentage point, its most aggressive move in more than two decades. Here’s why and how that may impact your wallet

The federal reserve raised interest rates in an attempt to stop rising inflation. Here’s how that will impact people in Massachusetts.

During inflation, here’s how consumers can adjust their spending and saving strategies to help lessen the impact that inflation has on the value of their money.

Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months — actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the economy.

The Federal Reserve launched a high-risk effort to tame the worst inflation since the 1970s, raising its benchmark short-term interest rate and signaling potentially up to seven rate hikes this year

The Federal Reserve announced Wednesday it is raising its benchmark interest rate a quarter point, its first in almost three years. Here are some ways the Fed hike could impact your wallet

Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave.