When it meets this week, the Federal Reserve is widely expected to keep its key short-term interest rate at its current target range — where it has stayed for all of 2025.
Futures market pricing is implying almost no chance of an interest rate cut this month, according to the CME Group’s FedWatch gauge. In that case, the federal funds rate would remain unchanged in a range between 4.25% to 4.5%, where it has been since December.
The Fed’s benchmark sets what banks charge each other for overnight lending, but also has a trickle-down effect on many of the borrowing and savings rates consumers see in their daily lives.
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What the Fed’s interest-rate decision could mean for your money
