Despite the drop in interest rates, some high-yield savings accounts still offer around a 5% annual percentage yield (APY) — up from the pandemic-era rates of 1% and the highest since the 1990s.

Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal ...

The U.S. Federal Reserve on Wednesday left target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, ...

Britain's central bank, the Bank of England (BoE), has kept its benchmark interest rate unchanged at 4.5 percent, warning that "global trade policy uncertainty has intensified." ...

In a climate of economic uncertainty, the Federal Reserve (the Fed) has opted to keep interest rates unchanged for the second consecutive meeting, signaling a cautious approach amidst evolving fiscal ...

The new forecast sees the Fed lowering rates in July, September and November – an increase from earlier bets on two cuts this ...

Goldman predicts the Fed could raise its 2025 inflation forecast from an annual rate of 2.5% to 2.8% ... to reduce its benchmark interest rate three times at consecutive meetings in late 2024, cutting ...