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Interest rates

Election 2024

That time the Fed bowed to political pressure before an election

by David Brancaccio and Alex Schroeder
Sep 6, 2024
It was the lead-up to the 1972 presidential election. An era of "stagflation" was ahead. And President Richard Nixon had a plan.
After first winning the presidential election in 1968, Richard Nixon sought a boost to win reelection in 1972. So he devised a scheme to influence the Fed — and monetary policy — for a friendly economic environment in the lead-up.
AFP via Getty Images
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Startups are hoping for a turnaround in funding

by Sabri Ben-Achour
Aug 30, 2024
Startups are suffering a hangover from the binge years of early COVID-era investment.
"A lot of the 2021 tech IPOs did not make public investors money,” says Kyle Lui, general partner at venture capital firm Bling Capital. “Eighty-four percent of the IPOs from 2021 are still underwater.”
Spencer Platt/Getty Images
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Survey suggests consumers are waiting for Fed rate decision before next big financial move

by Daniel Ackerman
Aug 20, 2024
The Nerd Wallet survey found many respondents are waiting for lower interest rates before borrowing to buy a car or refinance a loan.
Roughly a quarter of NerdWallet survey respondents reported that they're waiting to buy a car until the Federal Reserve cuts interest rates.
Scott Olson/Getty Images
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Mountain hikes, cowboy hats: Why the Fed's Jackson Hole event is the hottest ticket in econ

by Nancy Marshall-Genzer
Aug 19, 2024
An invitation-only chance to get up close and personal with Chair Jerome Powell.
From left to right, President of the European Central Bank Christine Lagarde, Bank of Japan Gov. Kazuo Ueda, and chair of the Federal Reserve Jerome Powell (all sans cowboy hat) during the Jackson Hole Economic Symposium 2023.
Natalie Behring/Getty Images
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The Federal Reserve controls one interest rate. How does that affect all the others?

by Kristin Schwab
Aug 14, 2024
Generally, rates move in concert. But industries have their own criteria for lending and make changes at their own pace.
Andrew Harnik/Getty Images
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Why does the Federal Reserve maintain its independence?

by Elizabeth Trovall
Aug 9, 2024
The insulation of the Central Bank from political headwinds helps the U.S. economy run.
Mandel Ngan/AFP via Getty Images
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What would a lower Fed rate mean for spenders and savers?

by Mitchell Hartman
Aug 9, 2024
A Fed interest rate cut would impact interest rates for consumer debt and savings accounts.
Rate cuts from the Federal Reserve would impact everything from interest on savings to mortgage rates.
Andrew Harnik/Getty Images
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Why do mortgage rates move when the Fed keeps interest rates stable?

by Henry Epp
Aug 8, 2024
The federal funds rate, set by the Federal Reserve, is just the first layer that goes into determining mortgage rates.
There’s more that goes into mortgage rates than just the federal funds rate, which the Federal Reserve sets.
Justin Sullivan/Getty Images
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Mortgage rates fall in anticipation of a Fed rate cut

by Mitchell Hartman
Aug 8, 2024
Rates hovered around 7% for a good part of this year.
Mortgage rates are now the lowest they've been since May 2023.
Scott Olson/Getty Images
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Amid market volatility, certificates of deposit are having their moment — for now

by Kimberly Adams
Aug 6, 2024
CDs can lock in a rate of return for months or years. Investors find that attractive ahead of expected interest rate cuts.
The era of certificates of deposit with rates of 4% or 5% may soon be coming to a close.
Patrick T. Fallon/AFP via Getty Images
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