Want to know how this week's Fed rate cut impacted the mortgage rate climate? Here are the latest interest rates.

Federal Reserve Bank of Cleveland President Beth Hammack said she would prefer interest rates to be slightly more restrictive to keep putting pressure on inflation, which is still running too high.

By Howard Schneider and Michael S. Derby WASHINGTON, Dec 12 (Reuters) - Federal Reserve officials who voted against the U.S. central bank's interest rate cut this week said on Friday they are worried that inflation remains too high to warrant lower borrowing costs,

Jerome Powell has concluded his news conference following the announcement that the Federal Reserve will cut the country's key lending rate by a quarter point. This is the third reduction this year brings the key interest rate to 3.50% to 3.75%. Powell affirms the Fed's commitment to keeping inflation low and near the Fed's target.

The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

The Fed cut rates again, but uncertainty over incoming leadership and delayed economic data is complicating the outlook for future monetary policy.

The Federal Reserve cut interest rates by a ¼-point yesterday, as expected. The stock market rallied and Treasury yields fell. Read more here.