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
The latest interest rates
Every time the Federal Reserve adjusts interest rates, borrowing and savings rates move in lockstep. Compare Bankrate data to see how the latest Fed decision is impacting rates on key consumer products.
As economy slow, mortgage rates retreat
This week's HELOC news and analysis
Current credit card interest rates
Current car loan interest rates
What is the average interest rate for savings accounts?
Essential reading
9 myths about the Federal Reserve — debunked
8 min read
What is the Federal Reserve’s balance sheet?
6 min read
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Latest Articles
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How the Federal Reserve impacts personal loans
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
4 min read May 31, 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 May 26, 2023 -
How much more will the Fed raise rates in 2023? Officials ‘might not be far off,’ Fed chief says
The Fed may be closer to the end than the beginning, but it isn’t pausing just yet.
9 min read May 16, 2023 -
When will the Fed stop raising rates? The time could be coming soon
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
8 min read May 10, 2023 -
Prices are still uncomfortably high — here’s what inflation is and what causes it
Getting inflation down to 2 percent may be the hardest task yet.
13 min read May 10, 2023 -
Federal Reserve rate hike impact on home equity
The latest news on the Fed and home equity rates
5 min read May 04, 2023 -
Subprime credit card holders hit hardest by rising interest rates
Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.
5 min read May 04, 2023 -
How the Federal Reserve affects mortgage rates
Analysts widely expect the Federal Reserve to again hike its key rate in November.
2 min read May 03, 2023 -
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 May 03, 2023 -
How the Fed impacts student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
5 min read May 03, 2023 -
Biggest winners and losers from the Fed’s interest rate hike
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
5 min read May 03, 2023 -
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.
9 min read May 03, 2023 -
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 May 03, 2023 -
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?
5 min read May 03, 2023 -
What is a bank bailout?
A look at what a bank bailout is with some examples of notable bank bailouts from the past.
5 min read May 01, 2023 -
Where are mortgage rates headed in May 2023?
Will the long-awaited decline begin this month?
3 min read May 01, 2023 -
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.
10 min read Apr 28, 2023 -
What is cryptocurrency?
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
8 min read Apr 20, 2023 -
Survey: Fed seen lifting rates one more time before cutting in 2024
The Fed won’t want to declare victory in its inflation fight too soon.
5 min read Apr 05, 2023 -
Survey: Recession odds for 2023 hover at 64% amid bank failures and higher rates
Recession odds stalled to the start the year — but those risks are back.
5 min read Apr 05, 2023