Monetary Desk · Fed Watch · Live from federalreserve.gov

What the Federal Reserve just did — and what it means for your wallet

The Fed's policy decisions ripple through mortgage rates, credit card bills, savings yields, and the job market. Here's a plain-English running log of recent FOMC actions and how they actually land for the average American household.

HoldFOMC Meeting · March 18, 2026

Federal Reserve Holds Rates Steady Amidst Economic Uncertainty

Target Range
Not disclosed
Move
No change
Vote
Not disclosed

The Federal Reserve concluded its FOMC meeting, opting to maintain the federal funds rate. This decision comes as the committee assesses incoming economic data and global financial developments.

What it means for you
  • 01Mortgages: Mortgage rates may remain stable in the short term, offering some predictability for homebuyers and those looking to refinance.
  • 02Credit Cards: Interest rates on credit cards are likely to hold steady, meaning no immediate change to borrowing costs for consumers.
  • 03Savings: Savers may continue to see consistent, though not necessarily surging, returns on their savings accounts.
  • 04Jobs: The Fed's decision suggests a watchful approach to employment, aiming for stability without immediate policy shifts that could dramatically impact job growth.
HoldFOMC Meeting · January 28, 2026

Federal Reserve Maintains Current Interest Rates

Target Range
Not disclosed
Move
No change
Vote
Not disclosed

The Federal Reserve's Federal Open Market Committee (FOMC) has decided to keep the federal funds rate unchanged following its latest meeting. The committee's stance reflects ongoing evaluation of economic conditions.

What it means for you
  • 01Mortgages: Expect mortgage rates to remain relatively stable, providing a consistent environment for housing market activity.
  • 02Credit Cards: Credit card interest rates are expected to stay put, meaning no new immediate impact on the cost of carrying a balance.
  • 03Savings: Returns on savings accounts are likely to remain consistent with current levels, without immediate increases or decreases.
  • 04Jobs: This steady approach from the Fed suggests a continued focus on supporting labor market stability without applying additional pressure.