Fed holds interest rates steady: Here's what that means for credit cards, savings rates, mortgages and car loans
Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a ceremony in the East Room of the White House on May 22, 2026, in Washington.
Warsh's Fed is likely to hold rates steady — what the leadership change could mean for your money
watch now
Read more CNBC personal finance coverage
- Trump Accounts: Who is eligible, how $1,000 deposits work and how to open one
- Student loan borrowers on new RAP plan can lose key benefits if they pay late
- Here's the inflation breakdown for June 2026 — in one chart
- PSLF has new rules — 3 changes student loan borrowers should know about
- CNBC's Financial Advisor 100: Best financial advisors, top firms ranked
- CNBC Elite Advisors: Top ultra-high net worth wealth management firms for 2026
"A Trump-friendly Warsh would probably still try to toe the line between sounding neutral and acknowledging that hikes are a possibility," according to a June 11 research note by Capital Economics.
Mortgage rates are now falling but demand is still weaker
In an aerial view, a residential neighborhood is seen on June 4, 2026 in Pembroke Pines, Florida.
Joe Raedle | Getty Images
A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers. Total mortgage application volume fell 3.8% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in 'wary disbelief'
In this screen grab from a video released by U.S. Central Command, U.S. forces operating in the Arabian Sea enforced naval blockade measures against an Iranian-flagged cargo vessel attempting to sail toward an Iranian port on April 19, 2026 in the Arabian Sea.
UK inflation holds steady at 2.8% in May
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025.