Sarah Foster

The federal funds rate, a key borrowing benchmark set by the Federal Reserve, is back to levels not seen since early 2001.

The Federal Open Market Committee (FOMC)’s decision means its key benchmark borrowing rate will now hold in a target range of 4.5-4.75 percent, the lowest since the spring of 2023.

Almost every financial decision you make — from taking a job to buying a home — has something to do with the Federal Reserve.

The Fed will have to debate whether speeding up disinflation with more rate hikes is worth the potential trade-offs of harming the job market.

Taxes can be made simple. Bankrate will answer all of your questions on your filing status, taxable income and 2022 tax bracket information.

The No. 1 culprit for Americans utilizing more credit was inflation and high prices, followed by emergency expenses.

Inflation is slowing, but prices are still higher than they were four years ago.

Inflation is when the cost of goods and services rises over a sustained period, and it can be hard to distinguish from sporadic price jumps.

Behind the slowing economy is a Fed determined to defeat red-hot inflation.

Follow along with Bankrate’s experts as they break down the biggest news from the Fed’s September meeting and first interest rate cut since 2020.