Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

When money changes hands in the financial world, interest usually applies. When you take out a loan, you’ll typically pay your lender interest as you pay back the amount you borrowed. But if you’re ...

Experts believe the Federal Reserve will cut interest rates. News 6 speaks with an expert on what this could mean for your ...

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.23%, and for 20-year mortgages, the ...

For some homeowners, refinancing could be the right move now, but waiting it out could also come with a big payoff.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Rate cuts would carry benefits for many consumers -- but not all, experts said. A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday -- and the ...

The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.

Federal Reserve Chair Jerome Powell said in a speech Tuesday that the central bank's policy stance is "modestly restrictive," ...

The Federal Reserve is expected to cut interest rates by at least a quarter percent this week. What will that mean for gold ...

Inflation is almost at the Fed's 2% inflation target, and interest rates are expected to fall in 2024. Many economists say the US has achieved the long-awaited "soft landing" due to a strong jobs ...