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The Federal Reserve and Your Money
Interest rates are a little lower than they used to be, but they’re still near the highest levels in over a decade. Here’s what it means for your wallet.
The latest on the Fed from Bankrate’s experts
“Americans who are hoping for lower borrowing costs should reset their outlook to a world of largely stable interest rates. Making financial decisions based on the assumption of imminent change is likely to lead to frustration.”
The Fed didn’t cut interest rates. Here are 5 things to watch next.
The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious about making future cuts.
Read more
Recent interest rate trends
Every time the Federal Reserve adjusts interest rates, borrowing and savings rates move in lockstep. Compare Bankrate data to see how the latest Fed decision is impacting rates on key consumer products.
Mortgage rates
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Savings rates
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Latest articles
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.
The financial practice of spending less than you make doesn’t apply to the federal government.
Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.
The return to normalcy could happen later — rather than sooner.
The Fed’s recent actions may force savers to start thinking differently about their money.
A reader asks how people living on fixed income can beat inflation.
Some forecasts suggest a resurgence in coronavirus cases could tip the financial system over again.
Ending the crisis depends largely on eradicating the virus and the economic problems it opened up.
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
The big question: How long will the Fed be on hold?
Rates are falling, and finance pros say it may be time for Americans to rethink some strategies.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
It’s a tale of two job markets: secure for job holders, recession-like for job seekers.
Borrowers often don’t notice small rate cuts, and a weakening economy could dull the relief.
Every financial decision you make is impacted by the Federal Reserve.
Officials are cutting rates to shore up the job market, but it’s not without risk.
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
The big question: How long will the Fed be on hold?
Rates could soon be within range of their pre-pandemic peaks. There’s a catch.
Rates are falling, and finance pros say it may be time for Americans to rethink some strategies.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
It’s a tale of two job markets: secure for job holders, recession-like for job seekers.
Borrowers often don’t notice small rate cuts, and a weakening economy could dull the relief.
Officials are cutting rates to shore up the job market, but it’s not without risk.
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