interest rate

A quarter of single family homes and half of condos are sold for cash in South Florida, yet the regional housing market remains sensitive to changes in mortgage rates. The Federal Reserve is expected to cut its target short-term rate later this week, which may bring down borrowing costs for home buyers.

Federal Reserve Bank of Atlanta boss is optimistic about the economy heading into the new year. Yet, he's unsure rates will go lower.

For the first time in more than four years, the Federal Reserve cut its key interest rate Wednesday. The move is good news for buyers who can qualify for a mortgage. But the ultimate impact on South Florida's housing may be muted - while the condo market faces more challenges than just borrowing costs.

The Federal Reserve may be poised to cut interest rates for the first time in more than two years. Critics worry it may reinvigorate inflation.

Florida lawmakers are close to revising rules for consumer finance loans up to $25,000. The changes would allow payday lenders to charge borrowers interest rates up to 36%.

Atlanta Federal Reserve Bank President Raphael Bostic sticks with a message of patience while in Broward County — but is firm in the fight against inflation.

Interest rates have risen to a two-decade high in the fight against inflation. They are having their intended effect with some South Florida companies — slowing business.

The Federal Reserve raised interest rates by another 0.75 percentage points Wednesday, as part of its ongoing effort to fight inflation. The big question is, what happens next.

The Federal Reserve raised interest rates by another 0.75 percentage points today, as it tries to control runaway prices. The central bank also signaled that additional rate hikes are likely.

In a turbulent economy, here's how to weather the inflation storm. Experts offer ways to make better financial decisions as the government struggles to control inflation.

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

The Federal Reserve announced Wednesday that it will increase its benchmark interest rate by 0.75%, matching the largest increase in decades. Here's what that means for everyday Americans.