Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
Trump slams Fed after decision to hold interest rates steady
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
Wall Street slips after the Federal Reserve keeps interest rates steady
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
Federal Reserve keeps interest rates unchanged, defies Trump
The Federal Reserve on Wednesday kept interest rates unchanged, bypassing a trend of dropping cuts and bucking President Donald Trump's wishes amid uncertain economic times,
Banks cut prime rate to 5.2%, following Bank of Canada's lead
Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...
Yahoo Finance3d
Understanding the prime rate: The interest rate that banks charge their best customers
If you have an existing fixed-rate loan, a change in the prime rate won’t affect your current interest rate or payments. But it will affect the rates of any new fixed-rate loans you take ...
Forbes8d
Current Inflation Report: January 2025
The prime rate, or the benchmark by which banks determine ... of the federal fund range plus an additional 3%. Although the current federal funds rate marks a drop from the recent peak of 5. ...
Business Insider2d
See Current HELOC Rates and the Best HELOC Lenders
Current HELOC rates fluctuate from day to day and vary by lender, but they're generally a bit higher than the current prime rate. Is a HELOC a good idea right now? It indicates an expandable ...
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In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...
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What is the prime interest rate for credit cards?
The Federal Reserve's prime rate affects the interest you pay on your credit card. Learn more about the prime interest rate ...
Live updates: Bank of Canada cuts key interest rate by another 25 basis points, flags tariffs as ‘major source of uncertainty’
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That ...