Banking
Trump’s tariffs are raising fears of a recession. What can the Fed do about it?
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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
“Inflation is the type of thing that would keep the Fed on the sidelines, but a sharp slowdown in growth, or a rapid deterioration of the labor market, could prompt the Fed to resume cutting rates.”
March Fed Meeting Preview: How will officials respond to rising recession fears?
Officials on the Federal Open Market Committee (FOMC) look poised to keep interest rates unchanged when they announce their next interest rate decision today, but they’ll likely stress that their next moves are uncertain, thanks to tariffs, federal layoffs, stricter immigration and more from President Donald Trump’s new administration.
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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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The real question is: What will the Fed’s next moves be?
Experts, however, still don’t see a labor market as tough as it was during the pandemic.
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.
A resilient job market makes it hard to tell if it’s the last call to negotiate.
Fed Chair Jerome Powell said interest rates “may not be far off” from their peak.
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You might not feel better about inflation because prices are still up post-pandemic.
This Fed communication tool is important, but be cautious when interpreting it.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
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