Banking
The Fed has now cut interest rates three times. Here are 12 key money moves to make
10 min read
The Federal Reserve and Your Money
Interest rates are now on the decline, but borrowing costs are still the highest in over a decade. Here's what it means for your wallet.
The latest on the Fed from Bankrate’s experts
“A slower pace of interest rate cuts in 2025 means borrowers will have to continue doing the heavy lifting of aggressive debt repayment. Borrowing rates for variable rate debts such as credit cards and home equity lines of credit are high and won’t come down fast enough to provide meaningful relief.”
Fed lowers interest rates for third time this year, signals slower pace of cuts in 2025
The Federal Reserve reduced borrowing costs again at its final gathering of 2024, but officials penciled in two fewer cuts for the year ahead as inflation stays stubbornly above their target.
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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.
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It just might be. But don’t forget the fundamentals of how home equity loans work.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
This Fed communication tool is important, but be cautious when interpreting it.
The Fed’s latest cut means cheaper business loans. Here’s what it means for you.
The Federal Reserve just lowered interest rates for the first time in four years.
Auto rates will likely not decrease this year. Consider how to still save.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
This Fed communication tool is important, but be cautious when interpreting it.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
Rate cuts mark a new era for the Fed. Here’s what you should do as a consumer.
The Fed is expected to cut interest rates a third time. Here’s what to watch.
Every financial decision you make is impacted by the Federal Reserve.
Fed officials are still widely expected to cut interest rates for a third time.
You might not feel better about inflation because prices are still up post-pandemic.
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Fed officials, however, are uncertain about how many times they’ll be able to cut borrowing costs in 2025.
This Fed communication tool is important, but be cautious when interpreting it.
Consider a savings account with an APY above the inflation rate.
Savings yields topping inflation could let you hold onto your purchasing power.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
Rate cuts mark a new era for the Fed. Here’s what you should do as a consumer.
For savers, here’s what to consider when the Fed lowers interest rates.
The Federal Reserve announced that it’s lowering interest rates following its Dec. 17-18 meeting.
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