Banking
Top high-yield savings accounts are still beating inflation. Here’s why that’s important
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The Federal Reserve and Your Money
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.
The latest on the Fed from Bankrate’s experts
“It is tempting to romanticize the idea of lower interest rates, particularly from a borrowing perspective. But the reason for lower interest rates is very important. We want interest rates to come down because inflation pressures are easing, not because the economy is weakening.”
Fed skips another interest rate cut, warns of ‘potential’ for stagflation
The Federal Reserve voted on Wednesday to keep interest rates steady for the third consecutive meeting even while acknowledging that unemployment could increase, a decision that signals officials are more concerned about inflation than the possibility of a recession.
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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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Latest articles
Follow along as Bankrate’s experts break down the Fed’s next interest rate decision.
Behind the slowing economy is a Fed determined to defeat red-hot inflation.
Economists see a slower job market in the year ahead but recession odds remain low.
Fed officials are trying to prevent an economic slowdown from getting worse.
Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Wages are on pace to fully recover from inflation by the second quarter of 2025.
It isn’t always about two consecutive quarters of negative GDP growth.
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