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.
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?
9 myths about the Federal Reserve — debunked
8 min read
Low unemployment or low inflation? The Fed’s dual mandate, explained, and why officials could soon face an impossible choice
7 min read
What is the Federal Reserve’s balance sheet?
6 min read
Follow us for the latest financial news:
Election Day 2020: Is your bank closing early today?
Here’s a look at what a number of popular banks are doing.2 min read Nov 03, 2020
Survey: Top economists see unemployment rate holding above pre-pandemic levels into 2021
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.8 min read Oct 01, 2020
The budget deficit, explained — and how to prepare for a rising tax burden down the road
The financial practice of spending less than you make doesn’t apply to the federal government.6 min read Sep 18, 2020
Here’s what a Trump or Biden presidency would mean for banking
Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.8 min read Sep 16, 2020
When will the U.S. economy get back on track following coronavirus shock? Watch for these 5 signs
The return to normalcy could happen later — rather than sooner.9 min read Sep 15, 2020
How to protect your money from rate decreases with a CD
The Fed’s recent actions may force savers to start thinking differently about their money.2 min read Sep 14, 2020
Ask Bankrate: How can savers stay ahead of inflation?
A reader asks how people living on fixed income can beat inflation.4 min read Sep 11, 2020
Why the coronavirus crisis could cause a double-dip recession — and how to prepare for one
Some forecasts suggest a resurgence in coronavirus cases could tip the financial system over again.7 min read Sep 10, 2020
8 ways to help rescue the job market from coronavirus-driven unemployment crisis
Ending the crisis depends largely on eradicating the virus and the economic problems it opened up.7 min read Sep 04, 2020
Coronavirus relief and stimulus plans: Here’s everything Washington has done (and proposed) so far
From relief checks to unemployment insurance, here’s what could impact your wallet.9 min read Sep 04, 2020
A second wave of the coronavirus could devastate the recovering economy
Economists say a second wave is the biggest downside risk to the U.S. economy this year.7 min read Aug 24, 2020
Fed leaves rates alone, says economy will ‘depend significantly on the course of the virus’
It’s unlikely that the financial and economic calamity will be reversed anytime soon.7 min read Jul 29, 2020
Trump’s controversial Fed pick Shelton moves one step closer to board
Some experts fear Shelton could shake up the U.S. central bank.4 min read Jul 21, 2020
What is economic stimulus and how does it work?
With all the talk around economic stimulus, here’s how it works and why it’s used.5 min read Jul 16, 2020
Survey: 61% of experts see stock market underperforming over next 5 years
The devastating effects of the coronavirus won’t likely be in the rearview mirror anytime soon.7 min read Jul 15, 2020
What is the Federal Reserve’s Beige Book?
Fed officials care about more than just economic data.5 min read Jul 10, 2020
Negative interest rates, explained — and how they work
Would you really get paid to take out a loan?8 min read Jul 03, 2020
We’re in a recession — will the stock market ever act like it?
With the market awash with cash, stocks are rising regardless of the fundamentals.5 min read Jun 25, 2020
Second stimulus check and extended unemployment benefits? Here’s what aid could be on the way
A long road likely lies ahead for the economy. What stimulus might we see to help a return to normal?7 min read Jun 18, 2020
Camp closed this summer? Send your kid to the Fed’s personal finance virtual camp instead
The Fed wants to teach your kids how money works.1 min read Jun 11, 2020