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
Follow us for the latest financial news:
Latest Articles
-
Survey: Experts see massive hiring slowdown and surging unemployment a year from now
How long will the job market hold up amid the Fed’s rapid rate hikes?
4 min read Oct 05, 2022 -
Survey: Fed’s inflation fight will take interest rates to highest since 2007
Economists see the Fed’s tightening cycle peaking at 4.5-4.75 percent.
4 min read Oct 05, 2022 -
Survey: 43% of economists say inflation hasn’t yet peaked
That’s even despite the Fed’s fastest rate hikes since the 1980s.
4 min read Oct 05, 2022 -
Survey: Odds of a U.S. recession by mid-2024 now hit 65%
Storm clouds are gathering above the economy amid high inflation and interest rates.
5 min read Oct 05, 2022 -
Americans have recession fatigue — and it’s keeping them from preparing for the next downturn
Feeling deprived during lockdowns, Americans aren’t ready to fall back on progress.
9 min read Sep 26, 2022 -
Fed lifts rates by another three-quarters of a percentage point to curb runaway inflation
Not since the 1980s have officials raised rates this much in a single year.
7 min read Sep 21, 2022 -
Fed rate cheat sheet: What all those terms really mean
What the Fed news really means: a demystification of Fed terms.
6 min read Sep 21, 2022 -
Inflation is crushing Americans’ savings — here’s 6 tips to protect your money
Skyrocketing costs are causing a major hit to Americans’ financial security.
9 min read Sep 21, 2022 -
The U.S. economy could be at stake when Fed interest rates rise above this crucial level
You might not be able to call rates historically low for much longer.
5 min read Sep 21, 2022 -
This Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet
Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
6 min read Sep 19, 2022 -
Mortgage lenders now count rent payments as part of credit picture
Close to homeownership but your credit isn’t quite there? A new rule helps renters qualify for mortgages.
3 min read Sep 15, 2022 -
Survey: Half of workers who got a raise or higher-paying job say their pay didn’t keep up with inflation
Americans aren’t reaping the benefits of the fastest wage growth in decades.
5 min read Sep 14, 2022 -
Survey: 69% of Americans are worried about a possible recession by the end of 2023
Yet, the majority of Americans say they’re preparing for a recession.
5 min read Aug 24, 2022 -
Want to know when a recession could be coming? Watch these 5 signs
The economy may still be on stable footing, but how long will it last?
4 min read Aug 22, 2022 -
When is the next recession? Here’s what economists are saying
It might not be here yet, but a recession could be coming.
4 min read Aug 22, 2022 -
Americans are making regretted impulse buys on social media — why it’s a challenging time with surging inflation
Some purchases could cost you hundreds more today than a year ago.
9 min read Aug 15, 2022 -
Fed raises rates by three-quarters of a point for second straight meeting
The Fed hasn’t raised rates this much in a single year since 1994.
6 min read Jul 27, 2022 -
Survey: Has inflation peaked? Here’s what the nation’s top economists say
Americans are desperately waiting for some relief from inflation.
4 min read Jul 05, 2022 -
Red-hot inflation is raising prices on everyday essentials — here’s what’s rising the most
Americans are finding it impossible to avoid inflation.
9 min read Jul 05, 2022 -
Survey: There’s a 52% chance of an upcoming recession, say top economists
The majority put the economy’s recession chances at 50 percent or more.
5 min read Jul 01, 2022
Related Topics
Helpful Links
- How to save money
- How to build an emergency fund
- Savings tips for different goals
- How to get the best mortgage rate
- How to get the best refi rate
- How often to compare mortgage rates
- Best low-risk investments
- How to pay off debt
- How much does it cost to buy a home?
- What's next for the housing market?
- How to make your paycheck last
- What debt should you pay off first?
- 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
- When will car interest rates start dropping?
- Are interest rates going up on personal loans?
- Historical CD interest rates