BlackRock Inc. CEO Larry Fink says rates traders are making “crazy” bets on deep Fed rate cuts despite signs of a strong economy.

Investors have responded to Federal Reserve Chair Jerome Powell’s remarks yesterday that he’s in no rush to lower interest rates and quarter-point moves are preferred. Traders had built up hopes of more half-point reductions after a cut of that size was delivered in September.

The Federal Reserve cut its key lending rate by 0.5% on Sept. 18. While it remains to be seen how many more rate cuts will occur, the consensus appears to be additional quarter-point cuts by the end of the year. These cuts are more likely to affect prices on Wall Street than on Main Street.

Several Fed rate cuts are on the way in the coming months. Here's how that will affect new and existing CD rates.

Auto loan interest rates remain near decades-high levels of more than 9.61% for a new vehicle and nearly 14% for a used vehicle, according to Cox Automotive.

Here's how the Fed slashing interest rates by half a percent could change the housing market in the United States.

The median U.S. home costs a dizzying $412,300, according to the Federal Reserve. For many renters, that price tag puts homeownership out of reach. Yes, the Fed's half-point mortgage rate slash