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Inflation is bucking tariff fears, but the Fed likely won’t cut rates like Trump wants. Here’s why.
9 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 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.”
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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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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