The Federal Reserve has decided to keep interest rates unchanged. Discover how this decision immediately affects your mortgage, credit card debt, and savings account.

A divided Fed faces tough choices ahead of its December meeting—cut rates to support jobs or hold firm to fight stubborn inflation.

Policymakers cut rates twice earlier in 2025 to cushion the economy from fiscal gridlock and slowing growth. With the shutdown resolved and key indicators improving, officials are likely to hold rates steady when they meet in December.

Federal Reserve Bank of Cleveland President Beth Hammack said the US central bank should hold rates steady to keep reducing inflation. “On balance, I think we need to remain somewhat restrictive to continue putting pressure to bring inflation down toward our target,

The Federal Reserve held interest rates steady Wednesday following several months of higher-than-expected inflation, with investors now not expecting a rate cut until months from now. After a two-day meeting of its Federal Open Market Committee in ...

Federal Reserve Bank of Boston President Susan Collins said she favored holding interest rates steady amid still-strong growth that could slow or stall progress on cooling inflation.