President Trump again pressed the Federal Reserve to cut interbank lending rates as the administration’s sweeping tariffs are set to resume next month. “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy. Do the right thing,” Trump wrote Tuesday night in a post on Truth Social. “April 2nd is Liberation Day in America!!!” The central bank announced earlier Wednesday that it would keep rates steady at a 4.25 to 4.5 percent range even with some indications that the...

As expected, the Federal Reserve held interest rates steady at yesterday's Federal Open Market Committee meeting. That means there's still time to enjoy attractive certificate of deposit rates. And with the economy as uncertain as it is right now, a CD can be a great way to add some stability to your financial portfolio. "CDs are FDIC-insured, so if keeping your money safe and your risk low is a priority, CDs make a lot of sense," said certified financial planner Bobbi Rebell. "You also know exactly how much return you...

If you're like many people, chances are you pay more attention to the price of eggs than to what the Federal Reserve is up to lately. But the Fed's actions have real consequences for your money. When the Fed issues a decision on interest rates, it affects everything from how much it costs to borrow money to how fast your savings grow. The Fed paused interest rates for a second time this year at today's Federal Open Market Committee meeting. Here's what that means for your money -- and what...

The Federal Reserve kept interest rates on hold Wednesday as expected, but slowed the pace of the sale of some assets from its balance sheet. Chair Jerome Powell will start speaking at 2:30 p.m. EDT. The governors held the key rate at 4.5% at this meeting, and the SEP showed year-end media federal funds rate of 3.875%, implying 50 basis points of total cuts in 2025, the same as in December. The central bank cut maximum monthly redemptions of Treasuries to $5 billion from $25 billion. The cap on redemption...

Federal Reserve officials on Wednesday are set to weigh an adjustment to their policy of shrinking their $6.8 trillion in asset holdings.

For the past three years, the Fed has been shrinking the portfolio of Treasurys and mortgage-backed securities that it accumulated during previous stimulus campaigns, including one to stabilize dysfunctional markets when the Covid-19 pandemic upended commerce in 2020.

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The Federal Reserve has broken this year with its long-standing practice of releasing an annual preview of its finances for the preceding year. The U.S. central bank has released a preliminary statement detailing its annual profit or loss in early January since at least 2006, but has yet to release the numbers for 2024. The preliminary statement is later updated with a finalized and audited version. A Fed spokesperson said the audited version of the financial statement will be released later this month. For the vast majority of the time...