The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank provided some financial relief to inflation-weary borrowers in September by ushering in its first rate reduction in four years.

The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed through to auto loans, which fell on average from a peak of 7.3% in July to 6.8% last month, said Ivan Drury, director of insights for Edmunds.com.

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.

The third interest rate cut in a row is on deck, which is welcome news for consumers struggling to keep up with sky-high interest charges.

As concerns over inflation and proposed tariffs loom overhead, the Federal Reserve will begin its two-day final interest rate meeting of the year.

With the new year around the corner, here’s how to set up your bond portfolio to benefit from higher interest rates.

Federal Reserve will likely signal a slower pace of interest rate cuts next year, meaning only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.

The Federal Reserve lowered interest rates by a quarter-point at its Dec. 18 meeting. The Fed’s 25-basis point cut marked the third consecutive such move for the key interest rate, which impacts ...

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.