If the Federal Reserve cuts its benchmark rate this year, it will push savings and CD rates lower. Here's what the central bank says it expects right now.

By threatening the independence of the Federal Reserve, the president risks undermining many of his key goals.

Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S.

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 ...

We expect further reduction in inflation, along with rising concerns around economic growth and the job market, to impel the Fed to cut rates much more. For the full details, see our US Economic ...

currently projects an 80% chance the Fed will keep rates at its current range of 4.25% to 4.50%. Economists are keeping a close eye on inflation and labor reports amid speculation as to timing ...

For example, although the current unemployment rate of 4.1% is quite low by historical standards, it has trended higher over the last 12 months. Plus, we now know the Fed thinks it will continue ...