Mortgage rates spiked over the past year as the Fed waged an aggressive campaign to crush high inflation. In the span of just 16 months, the central bank approved 11 rate increases — the fastest ...

That would be the first rate hike of its size since the Fed started announcing moves in the overnight federal funds rate in 1994 and would put the benchmark range between 2.5% and 2.75%.

Fed rate hike will have 'devastating' impact on consumers, former Home Depot CEO warns Bob Nardelli urges 'sustainable' habits in wake of the Federal Reserve's 75-basis point hike to tackle inflation ...

Senate Republicans on Tuesday slammed a letter led by progressive Sen. Elizabeth Warren, D-Mass., calling for the Federal Reserve not to proceed with its expected interest rate hike this week ...

The Federal Reserve cut interest rates by a quarter percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials have ...

Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a ...

Federal Reserve expected to stand pat on rates even as Trump demands cuts Fed officials have clearly signaled they expect to skip a rate hike, at least in January, to evaluate the job market and ...

Economist Mohamed El-Erian told FOX Business' "Claman Countdown" that Federal Reserve Chairman Jerome Powell should resign, ...

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing ...

The Federal Reserve is likely to raise U.S. interest rates in September, a top Fed official told the Fox Business network on Monday, as inflation is set to rise toward the central bank's target ...