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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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Sarah Foster Arrow Right

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Mark Hamrick Arrow Right

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Latest articles

Man handing cloths to cashier
Overdraft protection can be a helpful and convenient tool to avoid paying a steeper overdraft fee.
Federal Reserve Chair Jerome Powell speaks at a press conference after a Federal Open Market Committee (FOMC) meeting
Fed officials signaled no immediate plans to begin cutting interest rates.
Illustration of Fed Chair Jerome Powell
The Fed’s policy toolkit has changed almost as much as interest rates itself.
Man working on laptop and cellphone simultaneously
If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Federal Reserve Chair Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington, DC, on Jan. 31
How will the Fed juggle hotter inflation with a rising unemployment rate?
Illustration of Chair Jerome Powell in front of the podium at a post-meeting press conference
The Fed plays a role in influencing every financial decision you make.
Illustration of a person holding a house with a rain cloud over it
How might a recession affect the housing market? Find out what the experts think.
Woman carrying a box into a room
The share of single women homebuyers continues to outpace the share of single men in the housing market.
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.
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.
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.
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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