Banking
Biggest winners and losers from the Fed’s interest rate cut
6 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
“Borrowers should understand that ‘falling interest rates’ are not the same as ‘low interest rates.’ The urgency remains to pay down high-cost debt and utilize zero-percent or other low rate balance transfer offers to turbocharge credit card debt repayment.”
Fed cuts interest rates by quarter point but faces uncertainty following Trump’s election win
The Federal Reserve cut interest rates for the second consecutive meeting on Thursday but this time by a smaller quarter of a percentage point, as inflation continues cooling and a slowdown in the job market stabilizes.
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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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While the worst of inflation may be over, the battle hasn’t yet been won.
A recession hasn’t happened yet, but it’s likely still coming, economists say.
Economists are taking the Fed at its word, penciling in more rate hikes.
The Fed’s quest to defeat inflation, however, is nowhere near finished.
Americans don’t have many places to hide from high inflation.
Learn about five ways in which you can break out of the credit card debt cycle.
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
Will the long-awaited decline begin this month?
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.
Follow along as Bankrate’s experts break down the Fed’s next interest rate decision.
Every financial decision you make is impacted by the Federal Reserve.
Some high-profile economists have called the Fed’s half-point call “a mistake.”
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Behind the slowing economy is a Fed determined to defeat red-hot inflation.
You might not feel better about inflation because prices are still up post-pandemic.
Savings yields topping inflation could let you hold onto your purchasing power.
Consider a savings account with an APY above the inflation rate.
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 raises interest rates.
The Federal Reserve announced that it’s lowering interest rates following its Nov. 6-7 meeting.
Some high-profile economists have called the Fed’s half-point call “a mistake.”
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
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