The Federal Reserve and Your Money
The U.S. central bank has lifted interest rates to a 22-year high, impacting how much you pay to borrow money and how much you earn when you save. 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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Recession odds for 2023 are at 64% — here’s how a downturn could impact you
Recessions bring discomfort at best — and financial pain at worst.
6 min read Jan 31, 2023 -
5 benefits of a Federal Reserve interest rate hike
Interest rates are trending higher. Here are a few reasons to be happy about it.
3 min read Jan 25, 2023 -
Survey: Inflation has likely peaked, but consumers will still pay more this year
Cooling inflation isn’t the same as low inflation.
5 min read Jan 04, 2023 -
Survey: Economists see slower hiring and more unemployment in 2023
Job growth is expected to be nearly 10 times slower this year than it was last year.
5 min read Jan 04, 2023 -
Survey: Fed seen aggressively hiking rates above 5% in 2023
Economists expect more rate hikes than the Fed itself.
4 min read Jan 04, 2023 -
Survey: The U.S. economy has a 64% chance of entering a recession this year
Experts say no other downturn has been so widely predicted.
4 min read Jan 04, 2023 -
Mortgage rate forecast for January 2023: Rates could yo-yo
New year, new rates? It all depends on inflation, the Fed, and if a recession looms.
5 min read Jan 01, 2023 -
Survey: 10-year Treasury yield to rise even higher over the next year, experts say
Analysts were nearly split on whether rates would be higher or lower a year from now.
3 min read Dec 20, 2022 -
Fed raises rates by half a point, sees rates topping 5% in 2023
The Fed’s inflation fight is far from over.
7 min read Dec 14, 2022 -
Mortgage rate forecast for December 2022: A celebratory pause?
This year has been one of the most challenging in which to forecast mortgage rates thanks to unprecedented volatility.
4 min read Dec 01, 2022 -
Calendar: What’s driving mortgage rates the week of Nov. 28-Dec. 2, 2022
Mortgage market players will closely watch Friday’s jobs report.
1 min read Nov 28, 2022 -
Survey: Majority of Americans are delaying milestones and activities because of the economy
As inflation soars, most Americans say the economy has harmed their quality of life.
5 min read Nov 17, 2022 -
How would credit card issuers react to a recession?
A recession appears increasingly likely; here’s what it could mean for the credit card industry.
5 min read Nov 04, 2022 -
What is stagflation, explained — and whether the crisis may return for the first time in 40 years
Some consumers may be feeling the pinch of stagflation already.
7 min read Nov 03, 2022 -
Housing market needs to get back in balance, Fed’s Powell says
Chairman Jerome Powell’s thoughts on the housing market in the most recent Fed meeting.
3 min read Nov 02, 2022 -
Fed hikes interest rates by 0.75 percentage point for fourth straight meeting
Rates are now at a near 15-year high, but what comes next?
7 min read Nov 02, 2022 -
Mortgage rate forecast for November 2022: Rates get frostier
The holidays are mere weeks away, but there’s not much to celebrate about the mortgage rate climate.
3 min read Nov 01, 2022 -
Survey: 43% of Americans say their finances are worse now than when Biden was elected
Americans were also more likely to blame Washington policymakers than credit them.
7 min read Oct 31, 2022 -
A Not-So-Great Resignation? Workers who found a better-paying role feel less job security as recession fears rise
They may have found a better-paying job, but are those workers better off?
12 min read Oct 20, 2022 -
All the ways a president can (and can’t) influence the Federal Reserve
Presidents may affect the world’s most powerful central bank more than you think.
7 min read Oct 07, 2022
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Helpful Links
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- 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
- Fed's interest rate history
- Inflation’s impact on auto rates
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- Historical CD interest rates