The Federal Reserve meets Tuesday and Wednesday to consider the path of key rates in the weeks ahead. While a cut is anticipated sometime this year — most experts had hoped this week — any quick decrease this week is regarded as highly unlikely.

So if those start looking more likely, rates on home equity loans and home equity lines of credit (HELOCs) could tick up as soon as this week, even in the absence of a formal rate rise courtesy of the Fed. So, if you're considering this unique, low-cost borrowing option it makes sense to act promptly. Get started online here.

While the Federal Reserve doesn’t directly set mortgage rates, it influences them by making changes to the federal funds rate, the interest rate that banks charge each other for short-term loans. The Fed’s decisions alter the price of credit, which has a domino effect on mortgage rates and the broader housing market.

If you’re waiting for interest rates to fall for mortgages or other loans, better sit tight: it might be a while.

The Federal Reserve meets for the first time since recent high inflation reports dampened hopes it would cut interest rates three times this year.

The Fed has sought to slow inflation by keeping interest rates elevated. By making it more expensive for businesses and consumers to borrow money, including through credit cards,

Amidst persistent concerns over inflationary pressures, economists are advising consumers to brace themselves for

Forecasters have predicted the US will push its interest rate cut decision from June to September, says Sky News Business Reporter Edward Boyd.

The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.