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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Product Rate Change Last week
30 year fixed 4.20%  0.10 4.30%
15 year fixed 3.28%  0.02 3.30%
5/1 ARM 3.53%  0.19 3.34%
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30K FICO-based HELOC 4.38% --0.00 4.38%
50K FICO-based HELOC 4.11% --0.00 4.11%
100K FICO-based HELOC 3.96% --0.00 3.96%
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60 month used car loan 2.63% --0.00 2.63%
48 month used car loan 2.91%  0.01 2.90%
60 month new car loan 3.16%  0.01 3.17%
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1 Year CD 0.90%  0.00 0.90%
2 Year CD 1.10%  0.01 1.09%
5 Year CD 1.81%  0.07 1.74%
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Balance Transfer Cards 15.66% --0.00 15.66%
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