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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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 -
5 best investments that hedge against inflation, and others to avoid
Here are five of the best inflation hedges to help protect your portfolio against inflation.
5 min read Jun 05, 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 -
Fed raises rates by quarter point, signals more increases on way to further bring down inflation
Fed officials will have decide how much of a slowdown they want to see before calling it quits on rate hikes.
7 min read Feb 01, 2023 -
What is a recession? Why the most horrifying term in economics isn’t what you always think
It isn’t always about two consecutive quarters of negative GDP growth.
6 min read Feb 01, 2023 -
Low unemployment or low inflation? The Fed’s dual mandate, explained, and why officials could soon face an impossible choice
The Fed’s job is often to make the difficult choice between low unemployment or low inflation.
7 min read Feb 01, 2023
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