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
EXPERTISE
- Economy
- Federal Reserve
- U.S. economic policy
- Personal finance
- Taxes
- Unemployment insurance (UI)
EDUCATION
- Bachelor of Science in News-Editorial Journalism, University of Illinois at Urbana-Champaign
- Master of Science in Journalism, Northwestern University
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
About the author
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.
Experience
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.
Media mentions
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
Sarah's latest articles
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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 -
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 -
How much is higher inflation hurting you? Here’s how to estimate
Some Americans may be getting stung by inflation that’s even higher than the national rate.
6 min read Jan 25, 2023 -
2022-2023 tax brackets and federal income tax rates
Filing your 2022 taxes and unsure about your tax bracket? Bankrate can help.
4 min read Jan 17, 2023 -
Survey: Nearly half of Americans are sacrificing recession preparedness by paying checking fees
More than 1 in 4 pay checking account fees worth $288 a year, on average.
6 min read Jan 17, 2023
