News and Advice | PrimeRates

Budget, Personal Loans

National Debt Tops $39 Trillion as Net Interest Nears $1 Trillion

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U.S. public debt crossed $39 trillion in May 2026. With new Treasury issues yielding above 4.4% and the average rate at 3.34%, CBO projects net interest above $1 trillion this year.

Mitch Strohm
May 30, 2026

Budget, Personal Loans

April PCE Inflation Climbs to 3.8% as Core Stays at 3.3%, Pointing to June Hold

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April PCE inflation rose to 3.8% year over year as core held at 3.3%, cementing a June Fed hold and keeping the prime rate at 6.75%. Here is what it means for your money.

Laura Adams
May 29, 2026

Budget, Personal Loans

Warsh Takes Office as Fed Chair, Signals Slower Cut Path Before June 17 FOMC

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Kevin Warsh was sworn in May 22 as the 11th Fed chair after the closest Senate vote in modern history. His first FOMC is June 16-17 and markets now price a 65% chance of no cuts in 2026. Here is what changes for borrowers and savers.

Shelly Warding
May 28, 2026

Budget

Best Online Checking Accounts of May 2026

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An online checking account makes it easy to deposit your paycheck, pay bills, and access your money from your phone — often with lower fees than a traditional brick-and-mortar bank. The market has grown crowded, with offerings from major national…

John Egan
April 30, 2026

Budget, Personal Loans

DOJ Drops Fed Renovation Probe, Clearing Path for Warsh Confirmation Before May 15

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The Department of Justice closed its investigation into the Federal Reserve’s Eccles Building renovations last week, removing the procedural obstacle that Sen. Thom Tillis (R-NC) had cited as the basis for blocking Kevin Warsh’s confirmation as Federal Reserve Chair from…

Mitch Strohm
April 27, 2026

Budget, Personal Loans

Final Hour Before the Fed: What Markets Are Telling Us About Tomorrow’s Decision

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Markets head into Wednesday’s Federal Reserve decision with a near-100% probability priced for a hold at 3.50%–3.75% (CME FedWatch shows 100% at the time of writing) and a 65% probability that rates stay where they are through the end of…

Jim Wang
April 27, 2026

Budget, Personal Loans

FOMC Dissent Watch: What Miran’s Five Consecutive Dissents Tell Us About April 29

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Federal Reserve Governor Stephen Miran has now dissented at five consecutive FOMC meetings — September 2025, October 2025, December 2025, January 2026, and March 2026 — making him the most consistent rate-cut advocate on the Committee since being confirmed in…

Jim Wang
April 26, 2026

Budget, Personal Loans

What a Fed Hold Means for Your Mortgage, Credit Cards, and Savings

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Markets price a 99.4% probability that the Federal Reserve will hold rates at 3.50%–3.75% on April 29, 2026 — meaning for most household financial decisions, your numbers don’t change on Wednesday afternoon. Specifically: the prime rate stays at 6.75%, your…

Mitch Strohm
April 24, 2026

Budget, Personal Loans

Will the Fed Cut Rates in June 2026? Reading the April Statement for Clues

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Markets currently price approximately a 36% probability of a 25 basis point Federal Reserve rate cut at the June 16–17, 2026 FOMC meeting, according to CME FedWatch — which means the base case is that rates stay unchanged at 3.50%–3.75%…

Laura Adams
April 23, 2026

Budget, Personal Loans

Will Kevin Warsh Replace Powell on May 15? Inside the Fed Chair Confirmation Standoff

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Update — April 27, 2026 The DOJ closed its investigation into the Federal Reserve’s Eccles Building renovations last week, removing the procedural obstacle Sen. Tillis had cited. Warsh’s confirmation is now expected to advance in early May, with a Senate…

Jim Wang
April 22, 2026