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Federal Reserve

Atlanta Fed’s Bostic calls on patience amid the clamor for interest rate cuts

by Kai Ryssdal and Sofia Terenzio
Aug 15, 2024
Despite high prices, “wages are growing faster than inflation," and families’ purchasing power is growing, he says.
"The first thing I think is inflation is getting back to target in an orderly way," says Raphael Bostic, president and CEO of the Atlanta Fed, about the CPI falling to 2.9%.
Stephen Nowland/Federal Reserve Bank of Atlanta
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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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"Make Me Smart” Newsletter

Why investors backed away from carry trades this week

by Ellen Rolfes
Aug 9, 2024
Investors are reminded why its risky to invest with borrowed money. Subscribe to get the "Make Me Smart" newsletter every Friday!
Richard A. Brooks/ AFP via Getty Images
Richard A. Brooks/ AFP via 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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How often does the Fed actually achieve its dual mandate — price stability and maximum employment?

by Samantha Fields
Aug 7, 2024
Since the late 1970s, the Federal Reserve has had two main jobs: ensuring stable prices and maximum employment. How often does it achieve both at the same time?
Mandel Ngan/AFP via 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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As the Fed holds interest rates steady, Powell says "it's a difficult balancing act"

by Nancy Marshall-Genzer
Aug 1, 2024
But some former central bank officials think the Fed's risking a recession.
"That time [for a rate cut] could be in September, if the data support that," Fed Chair Jerome Powell said on Wednesday.
Andrew Harnik/Getty Images
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What is "maximum employment"?

by Samantha Fields
Jul 29, 2024
And why is there no target number to measure it, as there is with inflation —the Federal Reserve's other mandate?
The Federal Reserve is thought to believe that 4% unemployment equates to its goal of maximum employment. But could the jobless rate go even lower without kicking up inflation? Above, Fed Chair Jerome Powell.
Nathan Howard/Getty Images
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