Jerome Powell will announce the central bank's next interest rate decision on Jan. 28 amid political and legal turmoil involving the Fed.

Trump announced Kevin Warsh as his nominee for Fed Chair on Friday, and the former Fed governor could be less inclined to slash sharply than the candidates he beat out for the job.

By Ann Saphir Jan 28 (Reuters) - Still-elevated inflation and a labor market that has weakened but not collapsed are the main reasons the Federal Reserve is widely expected to wrap up its two-day meeting Wednesday with a hold on the U.

With recent data showing the economy ended 2025 on a strong note and inflation running about 3% annually, above the Fed’s 2% target, analysts believe any more interest rate cuts are unlikely before summer. Markets still are pricing in one or two cuts this year.

The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.

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Tennessee's effective maximum interest rate is set at 10.75% per annum as of January 27, 2026, linked to the Federal Reserve's average prime loan rate.

Two weeks ago, President Donald Trump shocked the banking industry by announcing his support for capping credit card interest rates at 10 percent for one year. When markets opened the next trading day,

Ford detailed that PlainsCapital Bank generated $43.5 million in pretax income and net interest margin expanded to 329 basis points, with core deposits increasing and a return of $225 million in sweep deposits to the broker dealer.