Banking
Inflation accelerated again last month — here are the prices rising most
10 min read
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.
“Inflation is the type of thing that would keep the Fed on the sidelines, but a sharp slowdown in growth, or a rapid deterioration of the labor market, could prompt the Fed to resume cutting rates.”
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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About BankrateChief Financial Analyst
Principal U.S. Economy Reporter
Senior Economic Analyst