federal reserve

Breaking Fed news

In a surprise move, the Fed cut a key rate to 1.5 percent.

  • Fed rate cut winners and losers
    The Federal Reserve cut the federal funds rate. How will this affect your bottom line?
  • Smart money moves after the Fed
    Take advantage of the action by the Federal Reserve with these money moves.
  • How soon will it hit you?
    The Fed cut rates today, but when will your finances feel it?
  • Fed Outlook
    Greg McBride explains why the Fed and other central banks around the world made a surprise cut.
  • Glossary
    Get help understanding some economic lingo such as GDP, PCE, monetary policy and more.
  • Video: Fed rate cut and you
    Greg McBride explains the Fed rate cut and how it affects you.
The Federal Open Market Committee

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. Its members are:

  • Ben S. Bernanke, Board of Governors, chairman
  • William C. Dudley, New York, vice chairman
  • Denise P. Lockhart, Atlanta
  • Donald L. Kohn, Board of Governors
  • Charles L. Evans, Chicago
  • Jeffrey M. Lacker, Richmond
  • Janet L. Yellen, San Francisco
  • Kevin M. Warsh, Board of Governors
  • Elizabeth A. Duke, Board of Governors

 

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MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.24%  0.14 4.38%
15 year fixed 3.23% --0.00 3.23%
5/1 ARM 3.46%  0.21 3.67%
 
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Product Rate Change Last week
30K FICO-based HELOC 4.36%  0.01 4.35%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.91% --0.00 3.91%
 
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Product Rate Change Last week
60 month used car loan 2.79%  0.10 2.69%
48 month used car loan 2.98%  0.06 2.92%
60 month new car loan 3.23%  0.05 3.18%
 
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Product Rate Change Last week
1 Year CD 0.94%  0.04 0.90%
2 Year CD 1.13%  0.04 1.09%
5 Year CD 1.76%  0.03 1.73%
 
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Product Rate Change Last week
Balance Transfer Cards 15.71%  0.01 15.70%
Cash Back Cards 16.41%  0.01 16.40%
Low Interest Cards 10.86% --0.00 10.86%
 
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