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
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Latest Articles
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Should you buy a house during a recession?
If the country is headed toward a recession, how might that affect the housing market? Find out what the experts think.
4 min read Jan 25, 2023 -
Preview of the Fed meeting: Brace for smaller rate hikes as inflation begins to slow
The Fed is weighing how much more it needs to slow the economy.
9 min read Jan 25, 2023 -
How Fed rate hikes impact stocks, crypto and other investments
The best way for most investors to approach this type of market is to stick to the long-term plan.
6 min read Jan 25, 2023 -
5 benefits of a Federal Reserve interest rate hike
Interest rates are trending higher. Here are a few reasons to be happy about it.
3 min read Jan 25, 2023 -
Are banks open today? Federal bank holidays in 2023
Knowing bank holiday schedules can help you avoid delays on necessary transactions.
3 min read Jan 13, 2023 -
Price gains are slowing but still at a 40-year high — here’s what inflation is and what causes it
In the past six months, the same goods and services have cost you $500-$400 more.
12 min read Jan 12, 2023 -
Are CDs worth it right now? Here’s what experts say
It still may be a while before rates increase again. Here’s what savers need to know.
4 min read Jan 11, 2023 -
Survey: Inflation has likely peaked, but consumers will still pay more this year
Cooling inflation isn’t the same as low inflation.
5 min read Jan 04, 2023 -
Survey: Economists see slower hiring and more unemployment in 2023
Job growth is expected to be nearly 10 times slower this year than it was last year.
5 min read Jan 04, 2023 -
Survey: Fed seen aggressively hiking rates above 5% in 2023
Economists expect more rate hikes than the Fed itself.
5 min read Jan 04, 2023 -
Survey: The U.S. economy has a 64% chance of entering a recession this year
Experts say no other downturn has been so widely predicted.
4 min read Jan 04, 2023 -
Credit card interest rate forecast for 2023: Rates poised to rise
See Bankrate’s predictions for where credit card rates will head in 2023.
3 min read Jan 03, 2023 -
CD rates forecast for 2023: Expect yields to peak before leveling off due to slowing economy
You can find a CD account that significantly out-earns the national average if you shop around among banks.
3 min read Jan 03, 2023 -
Home equity rate forecast for 2023: Rates will keep climbing
Rates on home equity loans and HELOCs should rise, according to Bankrate’s expert. Here’s how much.
2 min read Jan 03, 2023 -
Mortgage rate forecast for January 2023: Rates could yo-yo
New year, new rates? It all depends on inflation, the Fed, and if a recession looms.
5 min read Jan 01, 2023 -
How much will the Fed raise rates in 2023? Here’s what experts are saying
Interest rates have an even greater chance of rising higher than 5-5.25% in 2023.
7 min read Dec 21, 2022 -
When will the Fed stop raising rates? Maybe not as soon as you think
Borrowing rates are likely going to top 5 percent before the Fed calls it quits.
7 min read Dec 21, 2022 -
Survey: 10-year Treasury yield to rise even higher over the next year, experts say
Analysts were nearly split on whether rates would be higher or lower a year from now.
3 min read Dec 20, 2022 -
Survey: 66% of Americans don’t see their finances improving in 2023
Americans are course correcting their finances amid a likely shaky economy in 2023.
5 min read Dec 19, 2022 -
Top 20 strategies for CD savers
These tips can help maximize your savings using certificates of deposit.
9 min read Dec 16, 2022