Most people pay little attention to the Federal Reserve and monetary policy. But they have an outsized impact on your bank accounts.

The Federal Reserve left interest rates unchanged on January 29, and an interest rate cut is unlikely when the Fed issues its next policy decision on March 19, 2025.

After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump's continued threats of new tariffs and other measures.

With the U.S. economy continuing to log strong growth and the second Trump administration still settling in, the Fed on Wednesday held off on cutting its policy rate. Back To Top

Here's a quick primer on interest rates and what today's Fed decision could mean for your money. Read more: Trump Can't Lower Interest Rates. But What Power Does the President Hav