
Here’s what the Fed’s fastest rate hikes in 40 years mean for your money
The Fed impacts almost every financial decision you make.
Trust and transparency are important to me so that you can make informed decisions.
— Amy Sims
Amy Sims is a managing editor for Bankrate. Amy leads a team responsible for creating educational insurance content that helps people find the right information for their insurance needs. She has held multiple roles in the insurance field, starting as a licensed agent and, later, leading compliance strategies in the insurance space. Now, she spends her time supporting readers on their insurance journey by helping them make informed decisions.
Amy has over a decade of insurance experience, primarily in the personal lines field, focusing on auto, homeowners, renters, umbrella and flood insurance. She has worked with many insurance companies to write policies in nearly every state and, therefore, has a vast understanding of insurance coverage options and state requirements.
When she is not working, Amy enjoys spending time with her family, playing with her dogs, reading and traveling.
Amy earned her bachelor’s degree in communication with a concentration in social interaction from the University of Texas at San Antonio. She is currently pursuing a master’s degree in organizational leadership.
Trust and transparency are important to me so that you can make informed decisions.
— Amy Sims
The Fed impacts almost every financial decision you make.
The Fed is weighing how much more it needs to slow the economy.
More than 1 in 4 pay checking account fees worth $288 a year, on average.
In the past six months, the same goods and services have cost you $500-$400 more.
Cooling inflation isn’t the same as low inflation.
Job growth is expected to be nearly 10 times slower this year than it was last year.
Economists expect more rate hikes than the Fed itself.
Experts say no other downturn has been so widely predicted.
See our predictions for rates on mortgages, credit cards, savings accounts and more.
Do you know how comprehensive coverage works in a claim situation?
Interest rates have an even greater chance of rising higher than 5-5.25% in 2023.
Borrowing rates are likely going to top 5 percent before the Fed calls it quits.
Americans are course correcting their finances amid a likely shaky economy in 2023.
Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to respond.
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