The Federal Reserve 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
How the Fed affects savings rates
For savers, here’s what to consider when the Fed raises interest rates.
The Fed and credit card rates
The Fed will likely hike its interest rate 50 basis points in May and credit card-holders are likely to feel the impact as it filters down and card rates rise.
How Fed rates impact student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
Essential reading
What is the Federal Reserve’s balance sheet?
6 min read
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Latest Articles
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What is stagflation, explained — and why the crisis could return for the first time in 40 years
Some consumers may be feeling the pinch of stagflation already.
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Calendar: What’s driving mortgage rates the week of May 16-20, 2022?
A widely watched housing report comes out Thursday.
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The Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet
Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
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Worried about surging inflation? Here’s how to protect your wallet from taking a big hit
Experts expect inflation to cool, but how soon that happens will be key.
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Calendar: What’s driving mortgage rates the week of May 9-13, 2022
Mortgage watchers will keep an eye on this week’s inflation report.
1 min read May 09, 2022
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Most savings accounts still come with limits on withdrawals even after Regulation D lifted them
But there are a number of top banks that have eased their restrictions.
2 min read May 06, 2022
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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 04, 2022
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How the Federal Reserve affects ARMs, HELOCs and home equity loans
If you have a home equity loan or variable mortgage, pay attention to the Fed.
2 min read May 04, 2022
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How the Federal Reserve affects mortgage rates
The central bank recently hiked its key rate.
3 min read May 04, 2022
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Federal Reserve raises interest rates by a half point to fight soaring inflation
The Fed is withdrawing stimulus at the fastest pace in decades.
7 min read May 04, 2022