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  2. What Is the Current Prime Rate and How Does It Affect You? - AOL

    www.aol.com/current-prime-rate-does-affect...

    The current prime rate is 7.75%, up from 7.50% in December. It went into effect Feb. 2, 2023. This is the eighth time that the Federal Reserve has increased the prime rate since it began its most ...

  3. What Is the Federal Funds Rate? See the Current Rate, How It ...

    www.aol.com/federal-interest-rates-ve-changed...

    You’ll note that the prime rate is about 3% higher than the top figure in the federal funds rate range. That’s because banks set their prime rates by adding a margin to the fed funds rate. The ...

  4. Federal Reserve holds interest rates steady as consumer ...

    www.aol.com/news/federal-expected-hold-rates...

    In the run-up to Wednesday's announcement, some Fed officials have been signaling that the current rate has been enough to knock inflation down toward the central bank's 2% target.

  5. U.S. prime rate - Wikipedia

    en.wikipedia.org/wiki/U.S._Prime_Rate

    The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of American banking institutions grant loans to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

  6. Savings interest rates today: Beat the Fed's next move with ...

    www.aol.com/finance/savings-interest-rates-today...

    At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...

  7. Here's how the Fed's rate cut today may impact your finances

    www.aol.com/heres-feds-first-rate-cut-100010725.html

    The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.

  8. Fed cuts interest rates a half point in landmark policy shift

    www.aol.com/news/federal-expected-cut-interest...

    The Federal Open Market Committee, a policymaking body at the Fed, on Wednesday forecast further interest rate cuts. By the end of 2024, interest rates will fall nearly another half of a ...

  9. Savings interest rates today: Get in front of the Fed's next ...

    www.aol.com/finance/savings-interest-rates-today...

    At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...