What is the fed interest rate?

The U.S. Federal Reserve is almost certain to hike interest rates Wednesday to the highest level in a decade: 1.5 to 1.75 percent. For retirees like Martin Nicholes III of Asheville, N.C., the bigger rates can't come fast enough. “The low interest rates are killing my retirement,” Nicholes said. read more

The Federal Reserve sets the rate at one of its eight FOMC meetings. The current fed funds interest rate is 2.0%. The Federal Reserve sets the rate at one of its eight FOMC meetings. read more

What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requires banks to keep a certain percentage of their customer's money on reserve, where the banks earn no interest on it. read more

Interest rates interpolated from data on certain commercial paper trades settled by The Depository Trust Company. The trades represent sales of commercial paper by dealers or direct issuers to investors (that is, the offer side). read more