While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

"HELOC interest rates are generally structured as prime plus a margin," Debbie Calixto, sales manager at mortgage lender loanDepot, says. The federal funds rate influences the prime rate, while the margin reflects an additional percentage based on your credit score and loan details.

The Bank of England will cut interest rates by a quarter-point once more this year and then again in early 2026 as a resilient economy generates persistent inflation, according to most economists in a Reuters poll who have largely not changed their outlook in the past month.

After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.

The Fed made a "huge mistake" not raising rates during the pandemic. Now it risks another blunder, top economist Mohamed El-Erian says.

By Davide Barbuscia NEW YORK (Reuters) -As U.S. debt swells and the White House leans on the Federal Reserve to cut interest rates, investors are weighing the risk of "fiscal dominance," a scenario where keeping government financing cheap eclipses the fight against inflation.

Israel’s central bank left interest rates unchanged for a 13th consecutive time, as policymakers weigh a slowdown in the economy against ongoing uncertainty from the country’s nearly two-year war in Gaza.

Following anticipated interest rate cuts by the US Federal Reserve in response to slowing economic growth, Nedbank chief economist Nicky Weimar expects the South African Reserve Bank to mirror this action later in 2025.

The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates Right now,