The Federal Reserve and Your Money
The U.S. central bank has lifted rates at the fastest pace in four 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
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?
Essential reading
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Latest Articles
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Want to know when a recession could be coming? Watch these 5 signs
The economy may still be on stable footing, but how long will it last?
7 min read Aug 22, 2022 -
When is the next recession? Here’s what economists are saying
It might not be here yet, but a recession could be coming.
4 min read Aug 22, 2022 -
Americans are making regretted impulse buys on social media — why it’s a challenging time with surging inflation
Some purchases could cost you hundreds more today than a year ago.
9 min read Aug 15, 2022 -
Fed raises rates by three-quarters of a point for second straight meeting
The Fed hasn’t raised rates this much in a single year since 1994.
7 min read Jul 27, 2022 -
Survey: Has inflation peaked? Here’s what the nation’s top economists say
Americans are desperately waiting for some relief from inflation.
4 min read Jul 05, 2022 -
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 -
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 -
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 -
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
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- Fed's interest rate history