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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 Fed has been sitting back, evaluating economic data amidst all the uncertainty. The old saying that you skate to where the puck is going to be — if you don't know where the puck is going to be, you can't skate to it.”

– Greg McBride, CFA

Here’s why the Fed likely won’t cut interest rates like Trump wants this month

Inflation has been tame despite tariffs, but the Fed still isn't ready to declare mission accomplished.
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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.

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About Bankrate
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Latest articles

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Federal Reserve Chairman Jerome Powell speaks to reporters at a press conference.
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This Fed communication tool is important, but be cautious when interpreting it.
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Every financial decision you make is impacted by the Federal Reserve.
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Design element with Jerome Powell
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Jerome Powell, chair of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting.
The Fed has now gone six months without cutting interest rates.
Fed Chair Powell Holds News Conference Following FOMC Rate Decision
This Fed communication tool is important, but be cautious when interpreting it.
Federal Reserve Chair Jerome Powell.
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Image of Jerome Powell on a blue background.
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young man falling out of the sky along with various household items and cash
You might not feel better about inflation because prices are still up post-pandemic.
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Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
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