By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent ...

As of July 9, 2025, the average home equity loan rate is 8.26%, according to Bankrate’s regular survey of rates. The average ...

The prospect of the Federal Reserve once again setting its short-term interest rate target at near zero levels at some point ...

The S&P 500 ( SPX) ended the trading week at 6,259.75, down 0.31% from the previous week's close. Coincidentally, it was also ...

Current federal funds rate and recent trends. On December 18, the Federal Reserve cut interest rates, the third rate cut in 2024. Fed chair Jerome Powell said the cut was "the best decision" to ...

How the Fed Determines the Terminal Funds Rate . The Federal Reserve’s Federal Open Market Committee (FOMC) is responsible for determining both the current and the terminal federal funds rates.

The current federal funds rate — what banks charge each other for short-term loans — is in a range of 5.25% to 5.5%. The Fed has hiked its rate 11 times since March 2022 in its battle to curb ...