News and Advice | PrimeRates

Budget, Personal Loans

10-Year Treasury Yield Climbs Toward 4.5% as Oil Shock Revives Fed Hike Bets

The neoclassical stone facade of the United States Treasury building at golden hour with a faint rising line-chart overlay representing climbing bond yields

The 10-year Treasury yield climbed toward 4.5% as an oil spike pushed markets to price an 85% chance of a 2026 Fed rate hike, even as the prime rate held at 6.75%.

Laura Adams
June 4, 2026

Budget, Personal Loans

ADP Says Private Payrolls Rose 122,000 in May, Pointing to a June Fed Hold

A bright modern open-plan office adjoining a busy logistics warehouse where office staff work at computers and warehouse workers in safety vests move boxes and operate a forklift, illustrating broad private-sector hiring across industries

Private employers added 122,000 jobs in May, ADP reported June 3, a broad-based gain that reinforces the case for the Federal Reserve to hold rates at its June 16-17 meeting and keep prime at 6.75%.

Shelly Warding
June 3, 2026

Budget, Personal Loans

Fed’s Bowman Defends Rate-Cut Path, Urges Looking Past Oil-Driven Inflation

The marble facade of the Federal Reserve Eccles Building in Washington photographed at dusk, neoclassical Corinthian columns lit by warm interior light beneath a deep blue evening sky with an American flag on a pole to the right and a broad staircase in the foreground

Fed Vice Chair Michelle Bowman defended keeping rate cuts on the table in a May 29 speech, urging the Committee to look past oil-driven inflation before the June 16-17 FOMC.

Laura Adams
June 1, 2026

Budget, Personal Loans

Q1 GDP Revised Down to 1.6% as Profit Growth Stalls Before June Fed Meeting

Modern American downtown financial district at dusk with a large digital economic ticker board, conveying a slowing U.S. economy after the Q1 2026 GDP revision.

U.S. GDP grew just 1.6% in Q1 2026, revised down from 2.0%, as corporate profit growth stalled and inflation stayed hot, keeping the Fed on hold and prime at 6.75%.

Shelly Warding
May 31, 2026

Budget, Personal Loans

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

Wide exterior view of the United States Treasury Department building with its neoclassical limestone columns and a large American flag, photographed in dramatic golden late afternoon light with long shadows across the facade

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

Wide view down a stocked grocery store aisle with packaged goods on shelves on both sides receding into the distance, small white price tag labels along the shelf edges, and a single empty shopping cart in the center of the polished light gray floor under bright overhead lighting

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

Wide cinematic photograph of the Marriner S Eccles Federal Reserve building in Washington DC at golden hour with dramatic side lighting on the white marble neoclassical facade tall fluted columns casting long shadows the eagle and seal above the central pediment an American flag at the entrance and a dignified institutional mood

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

Young professional reviewing online checking account on smartphone with debit card and laptop on modern home office desk

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

United States Capitol Building exterior in Washington DC photographed from a low three quarter angle on the central staircase approach in cool overcast late afternoon light with the iconic white marble dome dominating the upper portion of the frame the central pedimented portico and Corinthian columns visible at center and the broad central staircase descending in the foreground under a cool slightly hazy sky

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

Empty press briefing room set up for an imminent press conference photographed from the back of the room looking forward toward a polished walnut speaking podium positioned in the center with two slim upright broadcast microphones angled toward the camera against a deep cobalt blue draped fabric backdrop wall with rows of empty journalist chair backs in soft foreground bokeh under soft warm overhead studio lighting

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