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
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Latest Articles
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Federal Reserve rate hike impact on home equity
The latest news on the Fed and home equity rates
5 min read Feb 01, 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 Feb 01, 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 Feb 01, 2023 -
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 -
How the Fed impacts student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
4 min read Feb 01, 2023 -
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 Feb 01, 2023 -
How the Federal Reserve impacts savings account rates
For savers, here’s what to consider when the Fed raises interest rates.
3 min read Feb 01, 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 Feb 01, 2023 -
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 Feb 01, 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 Feb 01, 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 Feb 01, 2023 -
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 -
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 Feb 01, 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?
4 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 -
Here’s what the Fed’s fastest rate hikes in 40 years mean for your money
The Fed impacts almost every financial decision you make.
9 min read Jan 27, 2023 -
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