"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.

The Fed raised its benchmark interest rate 11 times in 2022 and 2023 to a 23-year high. The resulting much higher borrowing ...

Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week ...

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...

The Federal Reserve cut its benchmark interest rate by a quarter-point to between 4.5 and 4.75 percent on Thursday.

When the Fed changes its target interest rate, the prime rate follows suit ... Donald Trump, the United States’ President-elect, may impact the speed at which these interest rates drop.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a ...

United States' President-elect Donald Trump is set to return to the White House and while he is celebrating his electoral win ...

President-elect Donald Trump has won Arizona and its 11 electoral votes, CBS News projects, giving him a sweep of all seven ...

Plus, borrowers may soon see some relief if the Fed decides to pause rate hikes following its July rate increase. "Over the past two years, as the Fed has increased interest rates, borrowing has ...

After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...