Market Pulse
Federal Reserve
The Fed sets short-term rates that ripple through credit cards, auto loans, and eventually mortgage markets.
Fed Funds Target (upper)
Unchanged4.00%
Sets the baseline short-term rate environment for borrowing.
Common Questions
- Does the Fed set mortgage rates directly?
- No. The Fed sets the federal funds rate. Mortgage rates are influenced indirectly through bond markets and investor expectations.
- What is the FOMC?
- The Federal Open Market Committee meets about eight times per year to set monetary policy, including the target range for the federal funds rate.
- When will the Fed cut rates?
- Markets and economists forecast based on inflation and employment data. Watch CPI and jobs reports alongside FOMC statements for clues.