
How the Federal Reserve Sets Interest Rates
The Fed does not set your mortgage or credit card rate. It steers a short-term benchmark, and everything else follows. Here is how the decision gets made and what it affects.
Companies, markets, jobs and the money stories that shape the economy.

The Fed does not set your mortgage or credit card rate. It steers a short-term benchmark, and everything else follows. Here is how the decision gets made and what it affects.
The CPI is the number behind most inflation headlines. It tracks a fixed basket of everyday purchases, so it describes an average household, not necessarily yours.
The jobs report packs two surveys, several rates and regular revisions into one release. Here is what each number means and which ones deserve the most attention.
A tariff is a tax on imported goods, collected at the border from the importer. Who bears the cost in the end depends on prices, competition and how other countries respond.
Think fire watch guards and security guards are basically the same job? They’re not. Here’s why mixing them up could cost your business — or worse.