Recession worries are building once again, as some consumers fear the prospects of higher prices and continued high interest rates this summer.

Fed policymakers left the central bank's overnight rate unchanged at a range of 4.25% to 4.5%, where it has remained since December.

The bond market showed little appetite Friday for granting President Donald Trump’s wish for lower interest rates as two of his signature policy initiatives — tariffs and tax cuts — face looming deadlines.

The average rate on 30-year fixed home loans from Freddie Mac edged down again to 6.81% for the week ending June 18.

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman, recently elevated by President Donald Trump as the central bank’s top bank overseer, said Monday the time to cut interest rates appears imminent as she is growing more worried about labor market risks and less concerned high import taxes will cause an ongoing inflation problem.

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.