Most people pay little attention to the Federal Reserve and monetary policy. But they have an outsized impact on your bank accounts.

Hope that the Federal Reserve would continue its interest rate cut campaign had dimmed toward the end of 2024 as the bank hinted at a slower pace in 2025. And that was made official on Wednesday when the Fed held its first meeting of the year,

The Federal Reserve left interest rates unchanged Wednesday amid uncertainty over when borrowing costs for loans, credit cards and auto financing might ease in 2025. The Fed's benchmark rate will stay in a range of 4.

The Federal Reserve on Wednesday kept interest rates unchanged, bypassing a trend of dropping cuts and bucking President Donald Trump's wishes amid uncertain economic times,

U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers.