Fed holds rates at 3.5%-3.75% while dollar hits 4-year low. Bitcoin steady at $89,500, gold near $5,300. Two officials vote for cuts in026.

As the Federal Reserve decides its federal funds rate, here’s how it ripples through the economy and influences your finances.

By Howard Schneider and Ann Saphir WASHINGTON, Jan 28 (Reuters) - The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a solid economy and diminished risks to both inflation and employment,

The central bank’s interest rate-setting committee is almost certain to keep its key short-term rate unchanged.

Explore current mortgage rates and what they mean for homebuyers

The Federal Reserve has pivoted from its long campaign of rate hikes to a fresh round of cuts, even as warning lights flash across household balance sheets. The central bank is trying to keep the recovery alive,