This is the first interest rate decision of the US central bank since Donald Trump took charge as the 47th US President on January 20. US Fed had lowered the key overnight interest rates by a full ...
The Fed sets short-term interest rates, but does not directly control mortgage rates, which tend to move in tandem with the yields on long-term bonds. Those long-term rates are dependent on investor ...
CD rates tend to track the federal funds rate. When the fed rate goes down, CD rates decline, and vice versa. The Federal Reserve held the federal funds rate steady for nearly a year but made its ...