The Federal Reserve will announce if they will cut rates again in December's meeting — their last meeting of 2025. The decision will determine whether borrowers get more relief on interest rates.

The presidents of the 12 regional Federal Reserve banks across the country wield nearly as much influence over interest rates as permanent Fed governors.

The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support from fellow policymakers for a third straight interest

The Federal Reserve on Wednesday cut interest rates by a quarter point with Fed Chair Jerome Powell suggesting the economy is improving, but acknowledging more challenges ahead. The third cut of the 2025 sent stocks rallying on Wall Street as concerns grow among consumers over the state of the economy.