federal reserve

Breaking Fed news

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

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 3.95%  0.20 4.15%
15 year fixed 3.05%  0.06 3.11%
5/1 ARM 3.71%  0.52 3.19%
 
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Product Rate Change Last week
30K FICO-based HELOC 4.31%  0.01 4.30%
50K FICO-based HELOC 4.06% --0.00 4.06%
100K FICO-based HELOC 3.92%  0.01 3.91%
 
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Product Rate Change Last week
60 month used car loan 2.81% --0.00 2.81%
48 month used car loan 3.04% --0.00 3.04%
60 month new car loan 3.24% --0.00 3.24%
 
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Product Rate Change Last week
1 Year CD 0.98% --0.00 0.98%
2 Year CD 1.18%  0.01 1.17%
5 Year CD 1.85% --0.01 1.86%
 
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Product Rate Change Last week
Balance Transfer Cards 15.73%  0.02 15.75%
Cash Back Cards 16.43%  0.02 16.45%
Low Interest Cards 10.98%  0.02 10.96%
 
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