Interest Rates | Business and Management | Research Starters

Interest rates represent the cost of borrowing money or the reward for saving it, typically expressed as an annual percentage of the principal amount. As of late April 2026, the Federal Reserve has maintained its target federal funds rate between 3.5% and 3.75%, following a series of adjustments aimed at balancing cooling inflation with a resilient labor market.

Understanding these fundamental types helps in managing personal finances: