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The Federal Reserve

Borrowing costs are at a 23-year high thanks to the Federal Reserve's rapid rate hikes. Stay informed on what to do with your wallet.

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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Greg McBride, CFA Arrow Right

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right

Senior Economic Analyst

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Greg McBride, CFA Arrow Right Chief financial analyst, Personal Finance
Mark Hamrick Arrow Right Washington Bureau Chief, Senior Economic Analyst
Sarah Foster Arrow Right Principal U.S. Economy and Federal Reserve Reporter

Latest articles

Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
Illustration of Fed Chair Jerome Powell
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
A man being raised into the air by party balloons. And a line graph chart superimposed overtop. Trending upwards
Americans still have a ways to go to fully recover their purchasing power.
Design element with Jerome H. Powell chairman of the Board of Governors
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Design element of woman sitting at desk in front of laptop.
Wages are on pace to fully recover from inflation by the second quarter of 2025.
Real estate agent greets a client in front of a red brick home
Today’s mortgage rates already reflect the likelihood of a September Federal Reserve rate cut.
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
family of 4 posing in front of new red-brick house, green lawn and nice landscaping
With a Fed rate cut finally on the horizon, here’s what homebuyers should know.
Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
Illustration of Fed Chair Jerome Powell
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
A man being raised into the air by party balloons. And a line graph chart superimposed overtop. Trending upwards
Americans still have a ways to go to fully recover their purchasing power.
Design element with Jerome H. Powell chairman of the Board of Governors
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Design element of woman sitting at desk in front of laptop.
Wages are on pace to fully recover from inflation by the second quarter of 2025.
young man falling out of the sky along with various household items and cash
You might not feel better about inflation because prices are still up post-pandemic.
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Traders work on the floor of the New York Stock Exchange
It isn’t always about two consecutive quarters of negative GDP growth.
Illustration of Fed Chair Jerome Powell
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
Design element with Jerome H. Powell chairman of the Board of Governors
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
young man falling out of the sky along with various household items and cash
You might not feel better about inflation because prices are still up post-pandemic.
family of 4 posing in front of new red-brick house, green lawn and nice landscaping
With a Fed rate cut finally on the horizon, here’s what homebuyers should know.
Federal Reserve Chair Powell at a podium
As the job market weakens, some economists say the Fed should’ve cut rates already.
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
Fed Chair Jerome Powell Holds An News Conference On Interest Rates
The Fed doesn’t look like it’s going to cut rates aggressively.
Federal Reserve Eccles Building illustration
The key benchmark has been as high as 20 percent — and as low as 0 percent.
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