Banking
As Trump eyes Powell’s successor, the Fed moves toward another rate cut
7 min read
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
“Americans who are hoping for lower borrowing costs should reset their outlook to a world of largely stable interest rates. Making financial decisions based on the assumption of imminent change is likely to lead to frustration.”
The Fed didn’t cut interest rates. Here are 5 things to watch next.
The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious about making future cuts.
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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
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.
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
The Fed won’t want to declare victory in its inflation fight too soon.
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The big question: How long will the Fed be on hold?
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A complicated U.S. economy. Stubborn inflation and a jobless boom. Unprecedented conflict with the president. Personnel changes, and a new Fed chair. Federal Reserve officials are no stranger to difficult [...]
Rates are falling, and finance pros say it may be time for Americans to rethink some strategies.
Powell is dealing with the most intense division of his eight years as Fed chair.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
It’s a tale of two job markets: secure for job holders, recession-like for job seekers.
The big question: How long will the Fed be on hold?
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
The U.S. may dodge a recession, but experts aren’t denying it: Something feels off.
Rates could soon be within range of their pre-pandemic peaks. There’s a catch.
Rates are falling, and finance pros say it may be time for Americans to rethink some strategies.
Powell is dealing with the most intense division of his eight years as Fed chair.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
It’s a tale of two job markets: secure for job holders, recession-like for job seekers.
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