The Federal Reserve and Your Money
Borrowing costs are at a 23-year high thanks to the Federal Reserve's rapid rate hikes. Get advice and stay informed on what to do with your wallet.
The Fed's impact on your wallet
The latest interest rates
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.
As economy slow, mortgage rates retreat
This week's HELOC news and analysis
Current credit card interest rates
Current car loan interest rates
What is the average interest rate for savings accounts?
Essential reading
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Latest Articles
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Survey: Economists see 59% chance of a recession by July 2024
A recession hasn’t happened yet, but it’s likely still coming, economists say.
4 min read Jul 12, 2023 -
Survey: Economists predict Fed will lift rates to highest since 2001
Economists are taking the Fed at its word, penciling in more rate hikes.
5 min read Jul 12, 2023 -
Are CDs worth it right now? Here’s what experts say
With a possible recession looming, here’s what savers should know about CDs.
4 min read Jun 15, 2023 -
Fed holds off on interest rate hike but sees more increases coming this year
The Fed’s quest to defeat inflation, however, is nowhere near finished.
9 min read Jun 14, 2023 -
Higher inflation: Winners and losers when prices rise
Americans don’t have many places to hide from high inflation.
4 min read Jun 14, 2023 -
How to break the credit card debt cycle
Learn about five ways in which you can break out of the credit card debt cycle.
4 min read Jun 05, 2023 -
When will the Fed stop raising rates? The time could be coming soon
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
7 min read May 10, 2023 -
What is a bank bailout?
A look at what a bank bailout is with some examples of notable bank bailouts from the past.
5 min read May 01, 2023 -
Where are mortgage rates headed in May 2023?
Will the long-awaited decline begin this month?
3 min read May 01, 2023 -
What is cryptocurrency?
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
8 min read Apr 20, 2023 -
Survey: Fed seen lifting rates one more time before cutting in 2024
The Fed won’t want to declare victory in its inflation fight too soon.
4 min read Apr 05, 2023 -
Survey: Recession odds for 2023 hover at 64% amid bank failures and higher rates
Recession odds stalled to the start the year — but those risks are back.
4 min read Apr 05, 2023 -
Survey: Inflation to keep decelerating — but at the price of a slowing economy
Will a recession be the ultimate cost of slowing prices?
4 min read Apr 05, 2023 -
Survey: Economists predict jump in unemployment and job losses over next 12 months
Experts see job cuts and a one-point jump in unemployment by this time next year.
5 min read Apr 05, 2023 -
The Silicon Valley Bank collapse: What you need to know
Silicon Valley Bank’s failure caused quite a stir. Here’s what’s going on there now.
5 min read Mar 27, 2023 -
Younger Americans’ finances were already trailing behind older generations. Then came inflation
For younger generations, the economy may feel like it’s never worked in their favor.
14 min read Mar 23, 2023 -
Fed lifts interest rates another quarter point despite major bank distress
The Fed remains focused on battling inflation.
8 min read Mar 22, 2023 -
The economy has avoided a recession so far — and it could be a nightmare for the Fed
Fed officials are warning interest rates could rise higher than previously expected.
7 min read Mar 07, 2023 -
Unemployment vs. underemployment, explained
Low joblessness isn’t the only indicator of a healthy labor market.
4 min read Feb 17, 2023 -
9 myths about the Federal Reserve — debunked
The complicated nature of the Fed’s job can perpetuate some wild claims.
8 min read Feb 14, 2023
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Helpful Links
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- How much does it cost to buy a home?
- What's next for the housing market?
- How to make your paycheck last
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- How to pay off credit card debt
- How to boost your credit score
- Tips for scoring a lower credit card rate
- Inflation’s impact on auto rates
- When will car interest rates start dropping?
- Are interest rates going up on personal loans?
- Historical CD interest rates