The Federal Reserve news and your money
The U.S. central bank is hiking rates at the fastest pace in decades, impacting how much you pay to borrow and how much you earn when you save. Get advice and stay informed on what to do with your wallet.
The Fed's impact on your wallet
How the Fed impacts mortgage rates
Analysts widely expect the Federal Reserve to again hike its key rate in November.
How Fed rates impact student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
How the Fed affects savings rates
For savers, here’s what to consider when the Fed raises interest rates.
The latest interest rates
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.
As economy slow, mortgage rates retreat
This week's HELOC news and analysis
Current credit card interest rates
Current car loan interest rates
What is the average interest rate for savings accounts?
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Follow us for the latest financial news:
Red-hot inflation is raising prices on everyday essentials — here’s what’s rising the most
Americans are finding it impossible to avoid inflation.9 min read Jul 05, 2022
Survey: There’s a 52% chance of an upcoming recession, say top economists
The majority put the economy’s recession chances at 50 percent or more.5 min read Jul 01, 2022
Survey: Expect 10-year Treasury yield to approach 4% over the next year, pros say
In a survey, market pros expect the 10-year Treasury yield will continue higher over the next year.3 min read Jun 29, 2022
Are we in a recession? It sure feels like it to many Americans
High inflation has a financial toll similar to job loss.5 min read Jun 28, 2022
What is cryptocurrency?
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.8 min read Jun 24, 2022
Fed hikes interest rates by three-quarters of a point to combat decades-high inflation
The Fed’s move is the biggest increase since 1994 and undoubtedly raises the risks of a recession.7 min read Jun 15, 2022
The Federal Reserve’s dot plot explained – and what it says about interest rates
This Fed communication tool is important, but be cautious when interpreting it.6 min read Jun 15, 2022
What is the Federal Reserve’s balance sheet?
This cornerstone of Fed policy has major implications for the economy and your pocketbook.6 min read Jun 14, 2022
Bask Bank offers savings account APY among highest in the nation
The online-only bank’s savings rate tops many competitors.1 min read Jun 13, 2022
Inflation surge puts pressure on mortgage rates
A surge in inflation is pushing the Fed to act — and mortgage borrowers could feel the pain.2 min read Jun 10, 2022
Worried about surging inflation? Here’s how to protect your wallet from taking a big hit
Experts expect inflation to cool, but how soon that happens will be key.6 min read May 11, 2022
Most savings accounts still come with limits on withdrawals even after Regulation D lifted them
But there are a number of top banks that have eased their restrictions.2 min read May 06, 2022
Federal Reserve raises interest rates by a half point to fight soaring inflation
The Fed is withdrawing stimulus at the fastest pace in decades.7 min read May 04, 2022
Mortgage rate forecast for May 2022: Sticker shock sets in
Until inflation is tamed, mortgage rates are likely to keep rising.4 min read May 01, 2022
What is the federal funds rate? How the Fed sets interest rates, explained
The Fed steers the U.S. economy by setting the price of borrowing money.7 min read Apr 27, 2022
Regulation D and savings account withdrawal limits – here’s what changed
How Reg. D impacts your savings account and why it pays to check with your bank.3 min read Apr 12, 2022
Survey: Experts see a big slowdown in job growth as hawkish Fed raises rates
Job creation is expected to be almost two times slower over the next 12 months.5 min read Mar 31, 2022
Survey: More than half of economists say surging inflation will climb much higher than expected
Consumers will likely have to keep paying more for almost everything they buy.5 min read Mar 31, 2022
Survey: There’s a 33% chance a recession is on the way, according to top economists
Fed officials are projecting seven total rate hikes in 2022 alone.5 min read Mar 31, 2022
How is the U.S. economy doing? With inflation hitting 40-year highs, watch these 4 key areas
There’s no telling when inflation will slow down.8 min read Mar 24, 2022