BREAKING: The Fed hikes rates by half a point

While still historically large, it’s the smallest rate hike in seven months. [  Advertiser disclosure]( [View in browser  ]( [Bankrate®]( Presented by [Bankrate®]( Fed officials say rates could rise above 5% next year Even as price pressures show promising signs of cooling, officials are still concerned inflation could become a permanent fixture of American life if they loosen up on monetary policy too early. [Read article]( Shop top savings rates as of December 14, 2022 [rates]( [rates]( Editorial Note: At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict [editorial integrity]( this email may contain references to products from our partners. Here’s an explanation for [how we make money](. [alt goes here]( More rate hikes are on the table in 2023 Get your wallet ready with these money moves: Boost your emergency fund: [Shop around for a savings account with the best rate](. Compare multiple offers: [Some lenders may offer better deals](. Chip away at credit card debt: [Consider utilizing a balance transfer](. Focus on the long term: [Don’t let choppy days deter you from investing](. Biggest winners and losers from the Fed's rate hike Credit card borrowers, investors and would-be homebuyers will want to take careful note. [Read article]( Take these steps now after the Fed’s rate hike Consumers are witnessing the most hawkish Fed in decades. Here’s how to prepare. [Read article]( What the Fed’s decision means for your money Almost every financial decision you make — from taking a job to buying a home — has something to do with the Fed. [Read article]( [B] Put your money to work for you with Synchrony Bank. Take advantage of today's competitive rates and watch your savings grow securely at Synchrony Bank, Member FDIC. [Open an account]( [alt goes here]( take your next step [Mortgages]( [Banking]( [Credit cards]( [Loans]( [Investing]( [Home equity]( [Insurance]( [Retirement]( [fb]( [insta]( [in]( [tw]( [yt]( [tiktok]( © 2022 Bankrate LLC. All Rights Reserved. Bankrate LLC • 38 01 PG A Boul evard • Su ite 5 55 • Palm Beach Gardens, FL 33410 Advertising Disclosure: The table above is a snapshot of our current rate table and does not include all available rates. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or available products. Bankrate does not endorse or recommend any companies. *APY, or annual percentage yield, is the yearly return on a bank or investment account. Editorial Note: At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this email may contain references to products from our partners. Here’s an explanation for [how we make money](. You received this update at {EMAIL} because you have a Bankrate account. You may unsubscribe from this email [here](. View our [privacy policy](.