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EconomyFed Holds at 3.5%–3.75%, Now Signals a Possible Rate Hike by Year-EndInflationUS Inflation Hit 4.2% in May — Gasoline Prices Jumped More Than 40% Over the YearMortgage & Housing30-Year Mortgage Rate Dips to 6.47% in Latest Freddie Mac Weekly SurveyBankingHigh-Yield Savings Accounts Still Paying Up to 5% APY — But Rates Are SlippingConsumer NewsAmazon Prime Day 2026 Runs Through Thursday — Verify Deals Before You BuyEconomyFed Holds at 3.5%–3.75%, Now Signals a Possible Rate Hike by Year-EndInflationUS Inflation Hit 4.2% in May — Gasoline Prices Jumped More Than 40% Over the YearMortgage & Housing30-Year Mortgage Rate Dips to 6.47% in Latest Freddie Mac Weekly SurveyBankingHigh-Yield Savings Accounts Still Paying Up to 5% APY — But Rates Are SlippingConsumer NewsAmazon Prime Day 2026 Runs Through Thursday — Verify Deals Before You Buy
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Today’s Lead Story
Wednesday, June 24

Economy

Fed Holds at 3.5%–3.75%, Now Signals a Possible Rate Hike by Year-End

via Federal Reserve

The Federal Reserve voted 12-0 on June 17 to hold its benchmark rate at 3.5%–3.75%, but policymakers now show a median estimate for end-2026 of 3.8%, up from March's 3.4% projection. New Fed Chair Kevin Warsh cited inflation rising to 4.2%—the highest level in over three years—as the reason cuts are off the table and a hike is possible.

Why it matters

A rate hike would raise borrowing costs on credit cards, auto loans, and adjustable-rate mortgages, making it a good time to lock in fixed rates or accelerate debt payoff before October.

See all today’s storiesRead source

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