The Federal Reserve news and your money

Latest Articles

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  How the Federal Reserve impacts savings account rates

  For savers, here’s what to consider when the Fed raises interest rates.

  3 min read Feb 01, 2023
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  Fed’s interest rate history: A look at the fed funds rate from the 1980s to the present

  The key benchmark has been as high as 20 percent — and as low as 0 percent.

  9 min read Feb 01, 2023
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  Take these 10 steps now after the Fed’s latest interest rate hike

  Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to respond.

  10 min read Feb 01, 2023
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  How the Fed affects auto loan rates

  The Fed rate has a domino effect that can raise or lower auto loan rates.

  3 min read Feb 01, 2023
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  Biggest winners and losers from the Fed’s interest rate hike

  As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.

  5 min read Feb 01, 2023
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  What is a recession? Why the most horrifying term in economics isn’t what you always think

  It isn’t always about two consecutive quarters of negative GDP growth.

  6 min read Feb 01, 2023
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  Subprime credit card holders hit hardest by rising interest rates

  Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.

  4 min read Feb 01, 2023
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  Why are credit card APRs so high?

  Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?

  4 min read Feb 01, 2023
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  Low unemployment or low inflation? The Fed’s dual mandate, explained, and why officials could soon face an impossible choice

  The Fed’s job is often to make the difficult choice between low unemployment or low inflation.

  7 min read Feb 01, 2023
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  Recession odds for 2023 are at 64% — here’s how a downturn could impact you

  Recessions bring discomfort at best — and financial pain at worst.

  6 min read Jan 31, 2023
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  Here’s what the Fed’s fastest rate hikes in 40 years mean for your money

  The Fed impacts almost every financial decision you make.

  9 min read Jan 27, 2023
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  5 benefits of a Federal Reserve interest rate hike

  Interest rates are trending higher. Here are a few reasons to be happy about it.

  3 min read Jan 25, 2023
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  Are CDs worth it right now? Here’s what experts say

  It still may be a while before rates increase again. Here’s what savers need to know.

  4 min read Jan 11, 2023
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  Survey: Inflation has likely peaked, but consumers will still pay more this year

  Cooling inflation isn’t the same as low inflation.

  5 min read Jan 04, 2023
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  Survey: Economists see slower hiring and more unemployment in 2023

  Job growth is expected to be nearly 10 times slower this year than it was last year.

  5 min read Jan 04, 2023
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  Survey: Fed seen aggressively hiking rates above 5% in 2023

  Economists expect more rate hikes than the Fed itself.

  5 min read Jan 04, 2023
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  Survey: The U.S. economy has a 64% chance of entering a recession this year

  Experts say no other downturn has been so widely predicted.

  4 min read Jan 04, 2023
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  Credit card interest rate forecast for 2023: Rates poised to rise

  See Bankrate’s predictions for where credit card rates will head in 2023.

  3 min read Jan 03, 2023
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  CD rates forecast for 2023: Expect yields to peak before leveling off due to slowing economy

  You can find a CD account that significantly out-earns the national average if you shop around among banks.

  3 min read Jan 03, 2023
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  Home equity rate forecast for 2023: Rates will keep climbing

  Rates on home equity loans and HELOCs should rise, according to Bankrate’s expert. Here’s how much.

  2 min read Jan 03, 2023