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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
As the job market weakens, some economists say the Fed should’ve cut rates already.
Economists and investors still expect the Fed to start cutting interest rates in September.
These policymakers will influence the crucial debate of when to cut interest rates.
The historic rematch likely comes down to whose economic legacy outshines the other.
All but four officials continue to expect rate cuts in 2024.
Rate cuts are still delayed, but should they be?
Officials want to know if stubborn inflation is a trend or just a bump in the road.
Now a cornerstone of Fed policy, the balance sheet has big implications for your wallet.
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