Fomc stands for the federal open market committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the. The average interest rate on a new credit card now at 24.84%, the highest since lendingtree started tracking rates in 2019.
September rate cut is possible the federal reserve didn’t lower interest rates today, but its statement did tee up the. Federal reserve chair jerome powell will hold his regular press conference at 2:30 p.m.