The Federal Reserve began decreasing the federal funds rate in light of slowing inflation and an overall improved economic outlook. It cut its target rate three times in late 2024 by a total of one percentage point. In December, the Fed announced its third rate cut of 2025 and additional cuts could be on the horizon in 2026. However, it's uncertain when that will happen and how many cuts the Fed plans to make. The federal funds rate doesn't directly impact deposit interest rates, though they are correlated. ...