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  2. Top CD Rates Today: December 17 — Earn Up To 4.75% APY - AOL

    www.aol.com/top-cd-rates-today-december...

    From 2022 onwards, rates surged, with the best CD rates exceeding 5.00%, largely due to the Federal Reserve’s response to inflation. By December 2023, some banks were offering rates of 5.30% or ...

  3. Federal funds rate - Wikipedia

    en.wikipedia.org/wiki/Federal_funds_rate

    In October 2019 the target range for the Federal Funds Rate was 1.50–1.75%. [13] On March 15, 2020, the target range for Federal Funds Rate was 0.00–0.25%, [14] a full percentage point drop less than two weeks after being lowered to 1.00–1.25%. [15]

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

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

    It was the first rate cut since March 2020, when the Fed lowered the rate from a range of 1.50% to 1.75% to a range of 0% to 0.25% in response to the COVID-19 pandemic.

  5. Fed’s interest rate history: The federal funds rate from 1981 ...

    www.aol.com/finance/fed-interest-rate-history...

    Meeting date. Rate change. Target. January 9, 1991: Conference call-25 basis points. 6.75 percent. February 1, 1991: Conference call-50 basis points. 6.25 percent

  6. History of Federal Open Market Committee actions - Wikipedia

    en.wikipedia.org/wiki/History_of_Federal_Open...

    In an unscheduled meeting on August 17 the Fed "temporarily" reduced the spread between the primary credit rate and the federal funds rate to 50 basis points from the 100-point spread established in January 2002. Official statement, 2007-08-07, Official statement, 2007-08-10, Official statement, 2007-08-17. August 7, 2007 5.25% 6.25% 10–0

  7. U.S. prime rate - Wikipedia

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

    The Federal Open Market Committee (FOMC) meets eight times per year wherein they set a target for the federal funds rate. In the United States, the prime rate is traditionally established by the Wall Street Journal. [2] Every major bank sets its own prime rate. When 23 out of the 30 largest US banks change their prime rate, the Journal ...

  8. Best CD rates today: With Fed rate cut odds surging, here's ...

    www.aol.com/finance/best-cd-rates-today-with-fed...

    At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...

  9. Savings interest rates today: High-yield accounts still offer ...

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

    At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...