As interest rates rose, banks charged more for credit cards and loans, but held rates paid on savings accounts.

The nation will honor Dr. Martin Luther King, Jr. on Monday as part of a National Day of Service to pay tribute to his legacy. The day is marked each year by a federal holiday when many businesses close.

Monday is Martin Luther King Day. Here's what to know about the businesses and services that are closed for the holiday in Arizona.

Most people pay little attention to the Federal Reserve and monetary policy. But they have an outsized impact on your bank accounts.

The president bashed Jerome Powell on inflation less than two hours after the Fed chair announced interest rates would stay put. As Bank of America CEO Brian Moynihan may attest, Trump’s timing is not coincidental.

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.

LONDON (Reuters) - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths diverge, as the United States holds interest rates steady, the euro zone cuts, and outlier Japan is firmly in hiking mode.

Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.

WASHINGTON - The Inter-American Development Bank (IDB) has expanded its Global Debt Program with the issuance of $100 million in floating rate notes, which are due on August 1, 2029. These newly issued notes will be consolidated with the existing Series 934 Tranche 1 and Tranche 2 notes,

Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.

Amid pressure from President Donald Trump to keep lowering interest rates, the Federal Reserve held steady.