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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.
Read More
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
The higher rates rise, the more Fed watchers wonder: Is the Fed about done?
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This Fed communication tool is important, but be cautious when interpreting it.
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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.
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