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Recession watch

Will the U.S. economy soon be in a recession? It's the trillion-dollar question that even experts don't know the answer to. Here's how to prepare for a potential downturn, and how one could impact you.

Insights from our expert analysts

“Economic uncertainty is a time for reducing debt and boosting savings, not the other way around.”

– Greg McBride, CFA

Do's and don'ts of saving during a recession

To help you navigate saving during a recession, we asked a number of experts what some of the most helpful things to do are, as well as some things you should try to avoid at all costs.
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Recessions & your money

Illustration of a person holding a house with a rain cloud over it
How might a recession affect the housing market? Find out what the experts think.
A middle-aged couple looks out to the beach from their van
Here are some tips to help make sure your retirement savings are protected in the event of a recession.
Illustration of worker with a brief case
The once-booming labor market is starting to face some trouble.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

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Greg McBride

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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

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Latest articles

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As the job market weakens, some economists say the Fed should’ve cut rates already.
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The Federal Reserve is poised to cut rates in September. Will it be enough to entice homebuyers?
Jerome Powell speaking at a podium
These policymakers will influence the crucial debate of when to cut interest rates.
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Step-up CDs can help you potentially earn a higher rate of return later on.
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Find out which CD term is best for your financial goals in a lower rate environment.
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Comparing savings rates can ensure you get the best return on your savings.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
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Here are some smart ways to protect yourself if your digital bank account stops working.
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If you have $2,500 to invest in a CD right now, here’s how much you could earn.
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The smartphone in your hand can help you better manage your money.
Outside of the Federal Reserve building
The Federal Reserve just lowered interest rates for the first time in four years.
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A look at what a bank bailout is with some examples of notable bank bailouts from the past.
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If you’ve been thinking of getting a longer-term CD, you may want to make a move.
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Fed officials are trying to prevent an economic slowdown from getting worse.
Illustration of Fed Chair Jerome Powell
Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
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Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
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For savers, here’s what to consider when the Fed raises interest rates.
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