The Federal Reserve is widely expected to vote at its July 29-30 policy meeting to keep interest rates unchanged. But ...

Incoming U.S. inflation signals are offering the Federal Reserve little or no justification to resume interest rate cuts, and ...

Raising the federal funds rate is one tool the Fed can use to help tame inflation. When consumer prices are high, the central bank hikes interest rates to discourage borrowing and to slow the economy.

When the Fed's benchmark rate skyrocketed to a historic high in 2023 and 2024, the top CD rates also surged. And now that the fed funds rate has drifted a bit lower, so too have CD returns.