Skip to Main Content

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.

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
Greg McBride

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

Follow us for the latest financial news:

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

Man blocking face by holding a stop sign in front of himself
Americans’ credit woes might not turn around until the Fed eventually cuts rates.
Members of the Federal Reserve Board of Governors stand with Fed Chair Jerome Powell after he was sworn in for his second term.
The Fed’s board has a powerful influence over interest rates and monetary policy.
couple stressing about the rise of interest rates
The Federal Reserve has finally shown the signs of a rate plateau. However, interest rates are still breaking records, and it’s not a given that personal loan rates will fall anytime soon. While the [...]
Will falling inflation make the Fed in a hurry to cut rates?
Inflation slowed much faster than expected last year, but economists are still wary.
For three straight surveys, economists have upgraded their job market forecasts.
Economists say the risks of a downturn are still high, even as the economy stays strong.
Illustration of a credit card for Bankrate's 2024 credit cards interest rate forecast
If you have credit card debt, your interest rates are likely to remain high in 2024.
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.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc