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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Latest articles
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The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
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Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
The Federal Reserve’s actions can influence student loan interest rates.
For younger generations, the economy may feel like it’s never worked in their favor.
Fed officials are warning interest rates could rise higher than previously expected.
Low joblessness isn’t the only indicator of a healthy labor market.
The complicated nature of the Fed’s job can perpetuate some wild claims.
The Fed’s job is often to make the difficult choice between low unemployment or low inflation.
Recessions bring discomfort at best — and financial pain at worst.
Cooling inflation isn’t the same as low inflation.
Job growth is expected to be nearly 10 times slower this year than it was last year.
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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