The Federal Reserve and your money
The U.S. central bank is hiking rates at the fastest pace in decades, impacting how much you pay to borrow and how much you earn when you save. Get advice and stay informed on what to do with your wallet.
The Fed's impact on your wallet
How the Fed affects savings rates
For savers, here’s what to consider when the Fed raises interest rates.
How Fed rates impact student loans
Some borrowers may want to pay attention to the Fed’s rate adjustments.
Essential reading
What is the Federal Reserve’s balance sheet?
6 min read
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Latest Articles
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How the Federal Reserve affects mortgage rates
The central bank recently hiked its key rate.
3 min read Jul 27, 2022
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How the Federal Reserve affects ARMs, HELOCs and home equity loans
If you have a home equity loan or variable mortgage, pay attention to the Fed.
2 min read Jul 27, 2022
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Fed raises rates by three-quarters of a point for second straight meeting
The Fed hasn’t raised rates this much in a single year since 1994.
7 min read Jul 27, 2022
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How the 7-27 Fed meeting impacts personal loans
The Federal Reserve raised interest rates on July 27, 2022. These interest rate changes are likely to affect the rates of personal loans.
4 min read Jul 27, 2022
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How the Federal Reserve impacts savings accounts
For savers, here’s what to consider when the Fed raises interest rates.
3 min read Jul 27, 2022
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How the Fed affects auto loan rates
The Fed rate has a domino effect that can raise or lower auto loan rates.
3 min read Jul 27, 2022
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Take these 10 steps now after the Fed’s latest interest rate hike
Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to respond.
9 min read Jul 27, 2022
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Subprime credit card holders hit hardest by rising interest rates
Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.
4 min read Jul 27, 2022
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Why are credit card APRs so high?
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
4 min read Jul 27, 2022
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Fed’s interest rate history: A look at the fed funds rate from the 1980s to the present
The key benchmark has been as high as 20 percent — and as low as 0 percent.
8 min read Jul 27, 2022