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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For consumers, the pros and faults of today’s low-rate world will prevail for months, if not years, to come.
The economy is nowhere close to being out of the woods.
Consumers should stick to the status quo.
The Fed has more in its back pocket than just cutting interest rates.
The Fed will continue to stay on the sidelines when it comes to rates.
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.
The financial practice of spending less than you make doesn’t apply to the federal government.
Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.
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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