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Biggest winners and losers from the Fed’s interest rate decision
6 min read
The Federal Reserve
Borrowing costs are at a 23-year high thanks to the Federal Reserve's rapid rate hikes. Stay informed on what to do with your wallet.
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“The Fed will want some more time to evaluate the progress on inflation before hinting as to when rate cuts may begin.”
When will the Fed cut interest rates?
Officials on the Federal Open Market Committee (FOMC) are expected to announce that they’re going to keep borrowing costs at a 23-year high for another month when they wrap up their June meeting, the rate-setting gathering that many economists and investors once believed would mark the first cut since 2020. They’re also expected to signal fewer rate cuts in 2024 — if at all.
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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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For consumers, the pros and faults of today’s low-rate world will prevail for months, if not years, to come.
The economy is nowhere close to being out of the woods.
Consumers should stick to the status quo.
The Fed has more in its back pocket than just cutting interest rates.
The Fed will continue to stay on the sidelines when it comes to rates.
Here’s a look at what a number of popular banks are doing.
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.
The financial practice of spending less than you make doesn’t apply to the federal government.
It isn’t always about two consecutive quarters of negative GDP growth.
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.
The Fed doesn’t look like it’s going to cut rates aggressively.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
These policymakers will influence the crucial debate of when to cut interest rates.
Every financial decision you make is impacted by the Federal Reserve.
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
As the job market weakens, some economists say the Fed should’ve cut rates already.
Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
The Fed doesn’t look like it’s going to cut rates aggressively.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
For savers, here’s what to consider when the Fed raises interest rates.
While the Federal Reserve stood pat this time, it has raised rates a total of 11 times in this current cycle.
These policymakers will influence the crucial debate of when to cut interest rates.
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
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