Interest rates are likely to edge lower in 2026 as the Fed weighs inflation, jobs and political pressure. See what forecasts suggest for the year ahead.

Stocks are holding near their records on Wall Street following the latest update on inflation, one that could keep the door open for the Federal Reserve to cut interest rates further later this year.

American Express shares fell, alongside other credit card stocks, after President Trump floated a one-year cap on credit card interest rates. The company's latest results show strong spending and fee momentum, alongside steady credit quality. Shares of American Express have slide more than 6% since late last week.

The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today,

BlackRock’s Rick Rieder, a candidate to succeed Federal Reserve Chair Jerome Powell who is reportedly set to be interviewed by President Donald Trump on Thursday, reiterated his support for bringing U.S. interest rates down to 3%, or the lowest level in more than three years.

Looking ahead to 2026, the Fed’s own median projection or “dot plot” suggested there would be only one additional 25 basis points cut. This would move the rate to around 3.25% to 3.50% by year end. Market expectations are slightly more dovish, calling for two rate cuts, which would push rates closer to 3%.

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for better financial decisions.

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Torsten Slok, chief economist at Apollo, said rates could move higher as a surge in bond issuance pulls investors from the Treasury market.

President Donald Trump’s attack on two of the biggest ways banks make money off of credit cards has Wall Street racing to come up with an an olive branch — even as they gear up for a potential fight.