
Here’s what the highest Fed rates in more than a decade mean for your money
The Fed impacts almost every financial decision you make.
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
Bankrate.com writer Sarah Foster covers the Federal Reserve, the U.S. economy and economic policy. Originally from a small town in rural Illinois, Foster developed a passion for economics while watching her community recover from the Great Recession. She witnessed just how much Main Street is impacted by Wall Street and saw firsthand that the Federal Reserve’s most well-intentioned policies can still leave those most desperate for help behind.
Sarah previously worked for Bloomberg News, the Chicago Tribune and the Chicago Daily Herald and has been quoted in several national and regional media outlets, including Yahoo! News, NBC, the Toronto Star, the St. Louis Post-Dispatch and more.
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
The Fed impacts almost every financial decision you make.
The most aggressively hawkish Fed in 40 years may soon step to the sidelines.
The best time to prepare for a recession is when a downturn doesn’t seem possible.
The cost of high inflation is even greater than rising prices.
The Fed won’t want to declare victory in its inflation fight too soon.
Recession odds stalled to the start the year — but those risks are back.
Will a recession be the ultimate cost of slowing prices?
Experts see job cuts and a one-point jump in unemployment by this time next year.