Fed Rate Decision: What the Latest FOMC Interest Rate Hold Means for Your Mortgage, Savings, Credit Cards, and Investments
The Federal Reserve kept its benchmark interest rate unchanged at its July 29, 2026 meeting. The target federal funds rate remains between 3.50% and 3.75%. A rate hold may sound like nothing changed. For households, however, it means borrowing costs are likely to remain relatively high for now. Credit card balances may stay expensive. Mortgage … Read more