The Federal Reserve news and your money
The U.S. central bank is hiking rates at the fastest pace in decades, impacting how much you pay to borrow 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
Essential reading
What is the Federal Reserve’s balance sheet?
6 min read
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Latest Articles
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Calendar: What’s driving mortgage rates the week of Nov. 28-Dec. 2, 2022
Mortgage market players will closely watch Friday’s jobs report.
1 min read Nov 28, 2022 -
Are banks open today? Federal bank holidays in 2022
Knowing bank holiday schedules can help you avoid delays on necessary transactions.
4 min read Nov 21, 2022 -
Survey: Majority of Americans are delaying milestones and activities because of the economy
As inflation soars, most Americans say the economy has harmed their quality of life.
6 min read Nov 17, 2022 -
What is inflation and what causes it?
Inflation has a nasty reputation among policymakers, investors and consumers alike.
11 min read Nov 08, 2022 -
Recession odds are up to 65% — here’s how a downturn could affect you
Recessions bring discomfort at best — and financial pain at worst.
6 min read Nov 04, 2022 -
How would credit card issuers react to a recession?
A recession appears increasingly likely; here’s what it could mean for the credit card industry.
5 min read Nov 04, 2022 -
How much will the Fed raise interest rates in 2022? Here’s what experts are saying
The ultimate risk is doing more harm than good to the U.S. economy.
6 min read Nov 03, 2022 -
What is stagflation, explained — and whether the crisis may return for the first time in 40 years
Some consumers may be feeling the pinch of stagflation already.
7 min read Nov 03, 2022 -
Federal Reserve rate hike impact on home equity
The latest news on the Fed and home equity rates
5 min read Nov 03, 2022 -
Housing market needs to get back in balance, Fed’s Powell says
Chairman Jerome Powell’s thoughts on the housing market in the most recent Fed meeting.
3 min read Nov 02, 2022 -
How the Federal Reserve affects ARMs, HELOCs and home equity loans
If you have a home equity loan or variable-rate mortgage, pay attention to the Fed.
2 min read Nov 02, 2022 -
How the Federal Reserve affects mortgage rates
Analysts widely expect the Federal Reserve to again hike its key rate in November.
3 min read Nov 02, 2022 -
How the Fed impacts student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
4 min read Nov 02, 2022 -
Fed hikes interest rates by 0.75 percentage point for fourth straight meeting
Rates are now at a near 15-year high, but what comes next?
7 min read Nov 02, 2022 -
Why are credit card APRs so high?
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
4 min read Nov 02, 2022 -
How the Federal Reserve impacts savings account rates
For savers, here’s what to consider when the Fed raises interest rates.
3 min read Nov 02, 2022 -
Fed’s interest rate history: A look at the fed funds rate from the 1980s to the present
The key benchmark has been as high as 20 percent — and as low as 0 percent.
8 min read Nov 02, 2022 -
Take these 10 steps now after the Fed’s latest interest rate hike
Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to respond.
10 min read Nov 02, 2022 -
How the Fed affects auto loan rates
The Fed rate has a domino effect that can raise or lower auto loan rates.
3 min read Nov 02, 2022 -
Subprime credit card holders hit hardest by rising interest rates
Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.
4 min read Nov 02, 2022