Fed Funds Rate

How You Can Take Advantage of the Fed's Low Interest Rate Plans

To keep interest rates at rock-bottom lows and boost the economy, the Federal Reserve is buying $40 billion a month in mortgage-backed securities, and it'll keep buying them for as long as it takes to get the economy back on track. Here's how that plan should affect your personal economy.

How High Credit Card Rates Could Be Good News for You

Despite ultra-low mortgage and savings interest rates, the average credit card rate is still high, and has barely budged over the past year. That's not so lucky for you as a spender -- but it could guide you to a windfall as an investor.

Fed Leaves Rates Alone, Consumers Keep Status Quo

The Federal Reserve announced Wednesday that it would leave interest rates unchanged -- for now. For consumers, that means a holding pattern for the near term, with little impact on borrowing, great rates for mortgages, and no hikes for credit cards. By end of summer, that may change.

Citing 'Insufficient' Growth, Fed Keeps Policy Steady

The Federal Reserve Tuesday kept its current accommodative monetary policy going steadily and continued its program of quantitative easing, saying that the economic recovery is continuing, but the growth rate "has been insufficient to bring down unemployment."

Ireland's Austerity Budget:
Not Likely to Avoid Default

Despite its planned austerity budget, the long-term solvency of Ireland is still in doubt. Simply put, the losses which Irish taxpayers must cover are larger than the nation's economy can support, making sovereign debt default likely even with a promised bailout from the EU and IMF.

Is Fed Leaving Recovery Tools in the Toolbox?

The Federal Reserve left interest rates unchanged and gave a somewhat downbeat assessment of the economy due to fallout from Europe's debt crisis. However, it didn't address the threat of deflation or use any new tools to help the country get back to work.

Federal Reserve Stands Pat on Rates

The Federal Reserve stood pat on interest rates Tuesday, March 16, 2010, and its closely scrutinized language remained unchanged, as it pledged to keep rates "exceptionally low" for an "extended period." Markets are rising modestly in reaction to the news.

Fed Not Ready to Raise Rates Anytime Soon

With the economic recovery still on fragile ground, crippled by a 10 percent unemployment rate, Ben Bernanke reaffirms the Federal Reserve's position to hold the brakes on a key interest rate for the foreseeable future.