The December cut trimmed the target range to roughly 3.50% to 3.75%. The Fed’s Summary of Economic Projections in December penciled in just one reduction in 2026. Markets, however, have been counting on two rate cuts next year.

Federal Reserve Governor Christopher Waller backed further interest-rate cuts to get the central bank’s setting back to neutral, while saying policymakers need not rush to do so.

Considering a home purchase or refinance now that interest rates are cooling? Here are the rates to know right now.

The Federal Reserve cut short-term interest rates for a third time in 2025. What's next for borrowers and consumers?

The Fed cut interest rates at its December meeting. Here's how it affects your money — from mortgages and auto loans to credit cards and savings.

Locking in one of today's lower mortgage rates may make sense, experts say, but there are some items to know first.

If the Fed holds interest rates steady as a means of protecting against inflation, it risks a deeper slowdown of the labor market. On the other hand, by lowering rates to stimulate hiring, the Fed threatens to boost spending and worsen inflation.

The December Federal Reserve meeting may lead to lower mortgage rates, but it's not directly caused by the 25 basis point rate cut.

Federal Reserve cuts its benchmark interest rate by 0.25 percentage points, bringing the federal-funds rate to 3.50 %–3.75 % — the lowest in nearly three y

The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its third interest rate cut this year in an effort to revive a sluggish labor market. The reduction of interest rates could deliver some relief for mortgage and credit card borrowers.

The latest cut brings the target federal funds rate to a range between 3.5 percent and 3.75 percent, the lowest level in three years. This rate affects many consumer lending and savings rates throughout the country, either directly or indirectly, including mortgage rates.

New research from the Federal Reserve Bank of Dallas is building the case for a change in the interest rate the central bank targets to achieve its monetary policy goals. In a paper released Tuesday,