The average car loan carries a 6.3% interest rate for a six-month loan, according to Edmunds data. Used cars are even higher at 10.1%. In 2022, the new car loan was under 4%. The Federal Reserve just ...

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...

The Federal paused rate cuts after its first meeting of the year — here’s what that means for your credit card, mortgage rate ...

Perhaps finance companies and dealerships can take solace in the seven-word sentence Federal Reserve chair Jerome Powell said during his opening statement on Wednesday after the Federal Open Market ...

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

The Fed is unlikely to cut interest rates again when it meets next week, delaying any relief from high borrowing costs.