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Recession watch

Will the U.S. economy soon be in a recession? It's the trillion-dollar question that even experts don't know the answer to. Here's how to prepare for a potential downturn, and how one could impact you.

Insights from our expert analysts

“Economic uncertainty is a time for reducing debt and boosting savings, not the other way around.”

– Greg McBride, CFA

Do's and don'ts of saving during a recession

To help you navigate saving during a recession, we asked a number of experts what some of the most helpful things to do are, as well as some things you should try to avoid at all costs.
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Recessions & your money

Illustration of a person holding a house with a rain cloud over it
How might a recession affect the housing market?
A middle-aged couple looks out to the beach from their van
Here are some tips to help make sure your retirement savings are protected in the event of a recession.
Illustration of worker with a brief case
The once-booming labor market is starting to face some trouble.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

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Greg McBride

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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

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Latest articles

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The housing market isn’t immune from outside economic forces, including inflation.
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It just might be. But don’t forget the fundamentals of how home equity loans work.
Fed chair Jerome Powell makes a speech
The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
Exterior of Federal Reserve building
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
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Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
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.
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Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
man using his cell phone
Here’s a convenient way for Apple device users to transfer money between friends and family.
Thanksgiving shopping
With some planning and preparation, this is how I reduced my Thanksgiving grocery bill.
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Banks are working to keep customers safe through AI apps and human interaction.
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Slow shopping has been growing in popularity despite potential drawbacks.
Older gentleman using a laptop
Knowing a savings bond’s value can help you decide whether to hold it or redeem it.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
A young woman works from her laptop.
Balancing your checking account may sound dated, but it still makes sense.
Gas pump prices
With inflation raging, this is where experts suggest to invest to beat rising prices.
Jerome Powell testifies before a Senate Committee
Experts expect Treasury yields to increase over the next 12 months as the Fed hikes rates following the pandemic.
Federal Reserve Chair Jerome Powell speaks with journalists at a post-meeting press conference
The move marks an end to the Fed’s most aggressive economic rescue effort in history.
Federal Reserve Eccles Building in Washington, D.C.
The Fed’s unconventional tool for fending off recession is being wound down.
President Joe Biden stands behind Federal Reserve Chair Jerome Powell at the announcement of his renomination
Consumers are bracing for a longer stretch of high inflation. But when can it be expected to slow down?
house for sale
The job market is booming. Inflation is raging. The Fed is poised to take away the punch bowl.
Federal Reserve Chair Jerome Powell speaks with lawmakers at a congressional testimony
Officials are sounding the alarm that they’re running the economy too hot.
the change drawer of the cash register at Symbiote Collectibles in West Reading, PA
The coin shortage in the U.S. continues to be an inconvenience for many.
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