The Latest Breaking News from the Federal Reserve

Asian markets were mixed Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week.

Leading cryptocurrencies fell on Sunday, while stock futures rose, as investors awaited the Federal Reserve’s decision on rate cuts.

The APYs for CDs and high-yield savings accounts have increased quite a bit ever since the Federal Reserve started to hike interest rates in 2022. Some people stored their money in these accounts for guaranteed returns, but one person on Reddit found a discrepancy between Fidelity's CDs and their savings…

The week was filled with some interesting stories. Here’s a quick rundown of what you might have missed.

Moody's Analytics Chief Economist Mark Zandi said the Federal Reserve is more likely to cut rates next week despite inflation running above target, citing a stalled labor market and rising recession risks.

"Obviously nobody wants a recession. But also in the context of Fed independence, they really don't want to get blamed for going into a downturn because that would impair their ability."

U.S. stocks climbed to record highs ahead of the Federal Reserve's September meeting, with Nvidia, Meta and Tesla near key buy points. Investors await signals from Fed Chair Jerome Powell on rates and growth.

Markets had another strong week as inflaton data set the stage for the Federal Reserve’s meeting next week; a rate cut is expected but may already be priced in

As speculation grows that the Federal Reserve will soon start lowering interest rates, now is a good time to review your financial plans for housing, estate, taxes, investing and retirement to make the most of potential changes.

The September Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. will do about interest rates.

US mortgage rates hit an 11-month low in early September, spurring refinances, but inflation at 2.9% and a pivotal Fed meeting mean the relief may be brief.