Sarah Foster

The Fed’s actions have ripple effects on every aspect of your financial life, from borrowing and saving to investing.

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.

A major tax cliff awaits the next president, with the Tax Cuts and Jobs Act expiring. If Congress does nothing, taxes will rise for millions.

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.