The Federal Reserve And Your Money

The U.S. central bank has lifted interest rates to a 22-year high, impacting how much you pay to borrow money 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

What Fed rates mean for housingThe Fed again held steady with no new rate hike at its first meeting of 2024.4 min read

How the Fed impacts mortgage ratesThe Federal Reserve’s decisions have ripple effects, including for mortgages.3 min read

How the Fed affects savings ratesFor savers, here’s what to consider when the Fed raises interest rates.4 min read

The Fed and credit card ratesThe Fed continues its fight against inflation and is expected to take rates higher, meaning cardholders could see higher rates, too.6 min read

Latest Articles

How the Federal Reserve impacts personal loans
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
4 min readFeb 23, 2024
Why now might be a good time to consider longer-term CDs
If you’ve been thinking of getting a longer-term CD, you may want to make a move.
4 min readFeb 23, 2024
Are banks open today? Federal bank holidays in 2024
Knowing bank holiday schedules can help you avoid delays on necessary transactions.
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26 Best Online Sites to Sell Books for Cash (Updated 2022)Annuity Products and Guaranteed Income | Brighthouse Financial How to Make a Retirement Budget That Works So You Don’t Have to 30 year fixed mortgage rates hit another 3 year low. Should I buy or refi?
3 min readFeb 19, 2024
How the Federal Reserve affects HELOCs and home equity loans
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
4 min readJan 31, 2024
Though Fed holds lending rates steady, subprime cardholders continue to feel sting of high interest rates
Why subprime borrowers are vulnerable to rising interest rates, and how to prepare.
4 min readJan 31, 2024
What the Fed’s continued rate pause means for homebuyers and sellers
The Fed again held steady with no new rate hike at its first meeting of 2024.
4 min readJan 31, 2024
How does the Federal Reserve affect mortgages?
The Federal Reserve’s decisions have ripple effects, including for mortgages.
3 min readJan 31, 2024
How the Fed impacts stocks, crypto and other investments
The best way for most investors to approach this type of market is to stick to the long-term plan.
6 min readJan 31, 2024
Fed’s interest rate history: The federal funds rate from 1981 to the present
The key benchmark has been as high as 20 percent — and as low as 0 percent.
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Demystifying the 60/40 Budgeting Rule: A Comprehensive Guide - MAKING ONLINE WEALTH
13 min readJan 31, 2024
How does the Fed interest rate affect car loans?
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
3 min readJan 31, 2024
How the Federal Reserve impacts savings account interest rates
For savers, here’s what to consider when the Fed raises interest rates.
4 min readJan 31, 2024
Biggest winners and losers from the Fed’s interest rate decision
While it stood pat this time, the Federal Reserve has raised rates 11 times in this cycle.
6 min readJan 31, 2024
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?
5 min readJan 31, 2024
What is the Federal Reserve’s balance sheet?
Now a cornerstone of Fed policy, the balance sheet has big implications for your wallet.
8 min readJan 31, 2024
The Federal Reserve’s board of governors, explained — who’s on it and what they do
The Fed’s board has a powerful influence over interest rates and monetary policy.
6 min readJan 30, 2024
6 key ways the Federal Reserve impacts your money
Every financial decision you make comes back to the Federal Reserve.
11 min readJan 30, 2024
January Fed meeting preview: 3 key questions as the FOMC looks likely to push back on rate cut bets
Officials say they have no reason to rush when it comes to slashing borrowing costs.
6 min readJan 29, 2024
When will personal loan interest rates start dropping?
The Federal Reserve has finally shown the signs of a rate plateau. However, interest rates are still breaking records, and it’s not a given that personal loan rates will fall anytime soon. While the [...]
2 min readJan 09, 2024
Survey: Economists split on whether Fed will cut rates in first or second half of 2024
Will falling inflation make the Fed in a hurry to cut rates?
4 min readJan 03, 2024
Survey: Inflation is slowing fast but still might not hit the Fed’s target until 2025
Inflation slowed much faster than expected last year, but economists are still wary.
4 min readJan 03, 2024