The Federal Reserve's decisions significantly impact personal finances, influencing bank yields on savings accounts and CDs. While the effect on bonds is more indirect, it's closely tied to the macroeconomic forces the Fed aims to control.

Though mortgage rates could see some volatility, many economists expect them to stay somewhat flat until the economic picture drastically changes. Rates will stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts soon and backs it up with data,

There are good reasons to think the Federal Reserve would be preparing to cut interest rates this week due to recent improvements on inflation—if not for [the risk that tariffs pose to prices](