finance September 18, 2024 3:23 pm What is the federal interest rate, and how does it impact me? The Federal Reserve sets the federal interest rate, which can impact everything from from your mortgage to your car loans. Here’s what you need to know. Local 1:10 US ranks last in health care compared with nine other high-income countries, report finds 1:33 Hezbollah leader vows retaliation against Israel for attacks on devices 1:56 12-year-old saves dad from bear attack 2:36 Donald Trump calls Diddy his ‘good friend' in resurfaced video with Aubrey O'Day 3:00 ‘Immense opportunities ahead of us': Biden celebrates lower interest rates