Make the Most of Steady Interest Rates

The Fed is putting a pause on rate hikes. Here’s what borrowers and savers should do now.

After boosting short-term interest rates between late 2015 and late 2018, the Federal Reserve has signaled it likely won’t hike rates in 2019. That’s a relief for borrowers—especially those who have debt with a variable interest rate—but savers get shortchanged.

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Lisa Gerstner
Editor, Kiplinger Personal Finance magazine

Lisa has been the editor of Kiplinger Personal Finance since June 2023. Previously, she spent more than a decade reporting and writing for the magazine on a variety of topics, including credit, banking and retirement. She has shared her expertise as a guest on the Today Show, CNN, Fox, NPR, Cheddar and many other media outlets around the nation. Lisa graduated from Ball State University and received the school’s “Graduate of the Last Decade” award in 2014. A military spouse, she has moved around the U.S. and currently lives in the Philadelphia area with her husband and two sons.