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. Bankrate's latest survey of economists put the odds at 59%. Here's how to prepare for a potential downturn, and how one could impact you.
Recessions & your money
Essential reading
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Fed signals near-zero rates here to stay through at least 2022
With the U.S. economy facing a sharp recession, rock-bottom rates are expected to continue.
6 min read Jun 10, 2020 -
Forecast survey: Fed seen as keeping rates at rock bottom through yield-curve control
The Fed will turn to new tactics that include capping yields and expanding its balance sheet.
7 min read Jun 05, 2020 -
Survey: America’s top economists expect double-digit unemployment rate into 2021
Forecasts were wide-ranging when it comes to predicting how much damage the pandemic caused.
8 min read Jun 03, 2020 -
Survey: Majority of Americans believe it’s too soon to reopen local businesses after coronavirus
Americans remain cautious about making in-person trips to businesses.
7 min read May 18, 2020 -
The unemployment rate, explained – and why the coronavirus crisis has caused it to skyrocket
Joblessness has surged to catastrophic levels not seen for nearly a century.
8 min read May 08, 2020 -
Here’s what the Fed has to see before lifting interest rates from rock bottom
One of the Fed’s greatest fears is a slow and grueling economic recovery.
8 min read May 08, 2020 -
Fed expects to hold rates near zero until economy has weathered ‘severe’ virus effects
The coronavirus pandemic has brought the U.S. economy to its knees.
5 min read Apr 29, 2020 -
Federal Reserve lifts six-withdrawal limit on savings accounts
Consumers get more access to their savings at a time when they may urgently need it.
3 min read Apr 24, 2020 -
Forecast survey: Economy’s slow rebound from coronavirus free fall will keep Fed on hold until 2022
It could take years for growth and unemployment to return to where they were before the pandemic.
5 min read Apr 24, 2020 -
How the Fed is trying to rescue the economy from the coronavirus with an emergency stash of cash
It’s pushed the Fed down a new, uncharted path.
5 min read Apr 15, 2020
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