The opposite side of today’s low CD rate coin can be found in the ’80s when interest rates were high — on everything.
The Fed sticks with a target for the benchmark rate of between zero percent and 0.25 percent. That’s nice for borrowers but not for savers.
The Federal Reserve says it will keep the federal funds rate near zero percent until joblessness drops.
According to the minutes from the October meeting, the FOMC discussed how to effectively communicate the path of interest rates and additional asset purchases.
The Federal Reserve is ready to rescue the economy with another large-scale asset purchase program.
No changes to monetary policy or interest rates came out of this week’s meeting of the Federal Reserve’s rate-setting committee.
At the Fed’s FOMC press conference Wednesday, Fed Chairman Ben Bernanke discussed …
The Fed keeps the federal funds rate low. Find out what it said about the state of the economy.
The Fed elects to leave the federal funds rate unchanged. Experts give their take on why.
The Fed meeting this week brought a couple of changes to the economic projections from the Federal Reserve. The projections are released four times per year and typically include forecasts for the direction of the gross domestic product, unemployment and inflation. This week’s new additions incorporate forecasts of the federal funds rate, including where participants