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The Federal Reserve

Borrowing costs are at a 23-year high thanks to the Federal Reserve's rapid rate hikes. Stay informed on what to do with your wallet.

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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Greg McBride, CFA Arrow Right

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right

Senior Economic Analyst

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Greg McBride, CFA Arrow Right Chief financial analyst, Personal Finance
Mark Hamrick Arrow Right Washington Bureau Chief, Senior Economic Analyst
Sarah Foster Arrow Right Principal U.S. Economy and Federal Reserve Reporter

Latest articles

Federal Reserve Chairman Jerome Powell speaks to journalists at a news conference following the Fed's June 19 interest rate decision.
The Fed’s move is a win for borrowers and a wake up call for savers.
Federal Reserve Eccles Building
Here’s everything you need to know about this unique type of easing from the Fed.
Traders work after the opening bell at the New York Stock Exchange
The U.S. economy looks far different now than it did when the expansion first began in June 2009.
Federal Reserve Chair Jerome Powell at a press conference
Here’s what the Fed said on interest rates and the economy.
Federal Reserve seal
Is it still too soon for the Fed to cut rates?
President Donald Trump talking
Here’s why Fed officials are so concerned about the trade war right now.
American consumers with big shopping bags
Bankrate’s latest Economic Indicator survey finds economists are revisiting Fed policy predictions.
Man paying with credit card
With the best job market in decades, the Fed is wondering why there isn’t more inflation.
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.
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Traders work on the floor of the New York Stock Exchange
It isn’t always about two consecutive quarters of negative GDP growth.
Federal Reserve Chair Powell at a podium
As the job market weakens, some economists say the Fed should’ve cut rates already.
Federal Reserve Bank Chair Jerome Powell at a news conference
Economists and investors still expect the Fed to start cutting interest rates in September.
Fed Chair Jerome Powell Holds An News Conference On Interest Rates
The Fed doesn’t look like it’s going to cut rates aggressively.
Federal Reserve Eccles Building illustration
The key benchmark has been as high as 20 percent — and as low as 0 percent.
Jerome Powell speaking at a podium
These policymakers will influence the crucial debate of when to cut interest rates.
family of 4 posing in front of new red-brick house, green lawn and nice landscaping
With a Fed rate cut finally on the horizon, here’s what homebuyers should know.
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.
Federal Reserve Chair Powell at a podium
As the job market weakens, some economists say the Fed should’ve cut rates already.
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Fed Chair Jerome Powell Holds An News Conference On Interest Rates
The Fed doesn’t look like it’s going to cut rates aggressively.
Federal Reserve Eccles Building illustration
The key benchmark has been as high as 20 percent — and as low as 0 percent.
Women using digital tablet to check her finances at home office
For savers, here’s what to consider when the Fed raises interest rates.
Fed chair Jerome Powell speaks at a conference
While the Federal Reserve stood pat this time, it has raised rates a total of 11 times in this current cycle.
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