The 25-basis-point increase will cost consumers another $1.72 billion, bringing the annual cost of the Fed’s recent rate hikes to a whopping $36 billion in total, WalletHub said.

The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years. It’s the 11th rate increase since the Fed ...

New tariffs unveiled by President Trump have further muddied the inflation outlook, Chicago Fed President Austan Goolsbee ...

Investors were unhappy. On Sept. 21, just minutes after the Federal Reserve raised interest rates for the fifth consecutive time, the S&P 500 shed 1.6%.Were the markets in free fall? No, the index ...

The Federal Reserve approved the largest hike to its benchmark interest rate since 1994 on Wednesday as officials frantically seek to tamp down the decades-high inflation hitting household budgets ...

Fed interest rates are now set to a range of 1.5 to 1.75 percent, which is much higher than their near-zero setting at the start of 2022 but still probably low enough to stoke the economy.

The Fed’s move to raise its interest-rate target is only the first step. Now begins the complex and untested task of implementing policy with new tools in a very different market environment.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

The average credit card rate was just over 20 percent as of April 26, according to Bankrate.com, up from around 16 percent in March last year, when the Fed began its series of rate increases.

The minutes from the Federal Reserve's June 17-18 policy meeting are expected on Wednesday to show a divided central bank ...