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The Federal Reserve and Your Money

Interest rates are a little lower than they used to be, but they’re still near the highest levels in over a decade. Here’s what it means for your wallet.

The latest on the Fed from Bankrate’s experts

“Even if the committee decides to cut rates, it will likely reflect a surrender to economic weakness rather than a clear win over inflation.”

– Stephen Kates, CFP

The Fed may cut rates this week — but what comes next is murky

Rising prices and slowing hiring leave the Fed with few good options to steer the economy. Will another rate cut even be possible this year?
Read More

Recent interest rate trends

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.

Experts in all things finance

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

About Bankrate
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

Latest articles

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U.S. Federal Reserve Chair Jerome Powell attends a press conference
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Federal Reserve Eccles Building illustration
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Image of Jerome Powell above the Federal Reserve Building.
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Image of Jerome Powell speaking from the Federal Reserve podium.
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Jerome Powell, chairman of the US Federal Reserve, left, and Lisa Cook, governor of the US Federal Reserve, during the Federal Reserve Board open meeting in Washington, DC.
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Image of Jerome Powell above the Federal Reserve Building.
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