Banking
June Fed meeting recap: Fed leaves rates alone, continues to see two cuts in 2025
31 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
“Interest rates are high and are unlikely to come down quickly. Consumers should lean into this by aggressively paying down high-cost debt and padding emergency savings. Those with less debt and more savings will be best positioned to weather whatever the economy throws at us in the months ahead.”
Fed holds interest rates steady, resisting pressure from Trump
The Federal Reserve left interest rates unchanged for a fifth straight meeting, with policymakers stuck in a prolonged wait-and-see mode as President Donald Trump’s tariffs leave them wary of cutting borrowing costs too soon.
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 majority put the economy’s recession chances at 50 percent or more.
High inflation has a financial toll similar to job loss.
The Fed’s move is the biggest increase since 1994 and undoubtedly raises the risks of a recession.
The online-only bank’s savings rate tops many competitors.
Experts expect inflation to cool, but how soon that happens will be key.
The Fed is withdrawing stimulus at the fastest pace in decades.
Job creation is expected to be almost two times slower over the next 12 months.
Consumers will likely have to keep paying more for almost everything they buy.
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