The central bank chose not to make a call for higher interest rates amid static from overseas and domestic inflation that isn’t quite connecting. See how the Fed communicated its decision, and get a translation from our operators. Read more
The interest rate at which banks lend money to one another overnight to meet loan reserve requirements. The federal funds rate is a tool used by the Federal Reserve to control the supply of available money and hence, inflation and other interest rates.
Raising the rate makes it more expensive to borrow. That lowers the supply of available money, which helps keep inflation in check. Lowering the rate has the opposite effect.
Click through the timeline below to see the effect the Fed's moves had on mortgage rates.
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The Atlanta Fed chief says the economy is looking ready for a rate hike.
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The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks.
Board of Governors, Chair
Board of Governors
The availability of ETFs in retirement accounts gives investors access to a wider array of investments, but not all choices are appropriate in these accounts.
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