Banking
The U.S. economy is slowing — and the nation’s top economists don’t expect it to improve much over the next year
7 min read
The Federal Reserve and Your Money
Interest rates are a little lower than they used to be, but they’re still near the highest levels in over a decade. Here’s what it means for your wallet.
The latest on the Fed from Bankrate’s experts
“The biggest question now is how the Federal Reserve will respond to mounting concerns about the ongoing government shutdown, its risks to the economy and how it may influence future policy decisions.”
The Fed Cut Interest Rates Again. Here’s How Your Wallet Could Feel It.
The Federal Reserve cut interest rates for the second straight meeting, a sign that officials are more focused on safeguarding the job market and shielding the economy from a recession than reining in rising inflation.
Read more
Recent interest rate trends
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.
Mortgage rates
This week's mortgage news
Savings rates
What is the average interest rate for savings accounts?
Auto loan rates
Current car loan interest rates
HELOC rates
This week's HELOC news and analysis
Credit card rates
Current credit card interest rates
Experts in all things finance
Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.
About Bankrate
Bankrate Financial Analyst
Principal U.S. Economy Reporter
Senior Economic Analyst
Editor's picks
Follow us for the latest financial news:
Stephen Kates, CFP
Bankrate Financial Analyst, Wealth
Mark Hamrick
Washington Bureau Chief, Senior Economic Analyst
Sarah Foster
U.S. Economy Reporter and Analyst
Latest articles
How Reg. D impacts your savings account and why it pays to check with your bank.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Borrowers often don’t notice small rate cuts, and a weakening economy could dull the relief.
Auto rates will likely not decrease this year. Consider how to still save.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
The Federal Reserve just lowered interest rates for the first time in four years.
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
Tariffs haven’t created much inflation. You still won’t hear the Fed say all clear.
Powell is concerned tariffs could lead to more inflation. This former Fed official has a different view.
Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
Trump’s tariffs could raise prices and unemployment, backing the Fed in a corner.
If the Fed’s independence is jeopardized, here’s what experts say it could mean for your wallet.
What is stagflation, explained — and whether the economic crisis could return from Trump’s trade war
Stagflation is an economic “super villain,” bringing high inflation and unemployment.
The odds of a downturn jumped the most since 2022.
Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
It’s a tale of two job markets: secure for job holders, recession-like for job seekers.
Borrowers often don’t notice small rate cuts, and a weakening economy could dull the relief.
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
Officials are cutting rates to shore up the job market, but it’s not without risk.
See what the nation’s top economists are forecasting in Bankrate’s Q3 survey.
Before data started to show that the job market was slowing, cracks appeared in people’s lives first.
A record 62% say pay hasn’t kept up with costs, climbing from 55% in 2022.
The trusted provider of accurate rates and financial information