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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

“Inflation is the type of thing that would keep the Fed on the sidelines, but a sharp slowdown in growth, or a rapid deterioration of the labor market, could prompt the Fed to resume cutting rates.”

– Greg McBride, CFA

March Fed Meeting Preview: How will officials respond to rising recession fears?

Officials on the Federal Open Market Committee (FOMC) look poised to keep interest rates unchanged when they announce their next interest rate decision today, but they’ll likely stress that their next moves are uncertain, thanks to tariffs, federal layoffs, stricter immigration and more from President Donald Trump’s new administration.
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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 Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

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