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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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.
Some purchases could cost you hundreds more today than a year ago.
The economy doesn’t need the punchbowl anymore, but raising rates will still bring pain.
Americans are desperately waiting for some relief from inflation.
The results highlight experts’ concerns about the U.S. economy.
Americans are finding it impossible to avoid inflation.
The majority put the economy’s recession chances at 50 percent or more.
High inflation has a financial toll similar to job loss.
Experts say long-standing issues such as the gender pay gap are contributing to women’s financial stress.
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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