BREAKING: Fed keeps interest rates at 22-year high

Here’s what the announcement means for your money [  Advertiser disclosure]( [View in browser  ]( [Bankrate®]( [alt goes here]( The Fed leaves interest rates alone — and its future rate moves up for debate Officials still have one more rate hike penciled in for the year, based on their most [recent projections from September](. A surge in long-term interest rates and an uncertain economy, however, put those plans in question. [Read article]( Save long-term with a certificate of deposit Top CD rates as of November 1, 2023 [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](. Even if the Fed doesn’t raise rates again, higher borrowing costs could still pinch your finances Pay down high-cost debt, shop around for the best rates and make sure your money is working for you Limit your exposure to higher rates: [Refinance variable-rate debt]( into fixed-rate loans. Chip away at credit card debt: [Consider utilizing a balance transfer]( as credit card rates hit the highest levels ever. Focus on the long term: [Don’t let choppy days deter you from investing](. Pick the right savings account: Take advantage of higher rates while you can by parking your cash in an [account where it’s rewarded the most](. Biggest winners and losers from the Fed’s rate decision Credit card borrowers, investors and prospective homebuyers will want to take careful note. [Read article]( Take these steps now after the Fed’s latest meeting Here’s the money moves you should be making. [Read article]( 6 ways the Federal Reserve impacts you The Fed is connected to almost every financial decision you make. [Read article]( [fb]( [insta]( [in]( [tw]( [yt]( [tiktok]( © 2023 Bankrate, LLC. All Rights Reserved. Bankrate, LLC • 16 45 Palm Beach Lakes Boul evard • Su ite 12 00 • West Palm Beach, FL 33401 You received this update at {EMAIL} because you have a Bankrate account. You may unsubscribe from this email: [Unsubscribe](. View our [privacy policy](.