Retail credit card debt is accounting for a greater proportion of overall debt in consumer bankruptcies in recent years. A ...

In an updated forecast, Fed officials now see core PCE inflation jumping to 3.1% by the end of the year from the current 2.5% ...

The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5% ...

The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.

This month, it decided to keep the benchmark rate at the same range of 4.25% to 4.50%. When interest rates are high, like they are now, the banks have to pay more to borrow money, and so do you, for ...

The Bank of England has held interest rates at 4.25% as it continues to tread carefully amid fears of resurgent inflation.

The Fed has kept interest rates higher to counteract inflation and to see how President Donald Trump's proposed tariffs will impact prices. The central bank's primary tool for influencing the ...

Wider stablecoin adoption, plus smaller partner payments, could offset pressure from lower returns on cash.

High-interest debt has a bad reputation — and rightfully so. Debt that charges high rates is the most expensive for borrowers to carry. And the longer you leave it unpaid, the quicker the costs ...

More than half of American savers are earning less than 3% interest on their accounts, according to a new survey from Vanguard. One-quarter of consumers earn less than 1%. Those interest rates ...

Commissions do not affect our editors' opinions or evaluations. Compound interest is when the interest you earn on a balance in a savings or investing account is reinvested, earning you more interest.

Compound interest is commonly described as "interest earned on interest." Compound interest can work to your advantage as your investments grow over time, but against you if you're paying off debt ...