Banking
The Fed makes a second interest rate cut. Here’s what will — and won’t — change for your money.
8 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
“Following today’s rate cut, the extent of further easing in 2026 remains unclear.”
A Deeply Divided Fed Cuts Interest Rates Again — But What Comes Next?
The Federal Reserve lowered interest rates again at its final meeting of the year, signaling that Chair Jerome Powell was able to bring enough policymakers over to his side to support a rate cut at a time when both inflation and unemployment are rising. But policymakers see only one rate cut next year, and the committee is still worried about inflation.
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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.
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