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federal reserve

The Fed Just Raised Rates. Here’s the One Thing Your Card Company Doesn’t Have to Tell You

by Steve Rhode

The Fed hiked rates a quarter point on Sept. 16, 2026. Here’s how it resets your variable credit card APR, and why your issuer doesn’t have to warn you first.

Mortgage Rates Just Hit a One-Year High — and the Fed Isn’t Talking About Cuts. Here’s What’s Really Happening to Your Money This Week

by Steve Rhode

Mortgage rates hit 6.71% this week, a one-year high, while no Fed policymaker has voted for a cut since April. The real story, and what to do.

What the Rich Are Hearing Right Now That You’re Not: Inside the $124 Trillion Wealth Transfer

by Steve Rhode

The $124 trillion wealth transfer mostly moves inside the richest 2% of households — and the advice those families pay for turns out to be free.

What American Express Just Told the SEC About Facing AML Enforcement Action

by Steve Rhode

American Express told the SEC it expects an enforcement action — possibly civil money penalties — in relation to its anti-money-laundering programs. Here’s what that does and doesn’t mean if you carry an Amex card.

The Fed Just Stopped Telling You What Comes Next — Here’s Why That Changes Your Debt Strategy (July 2026)

by Steve Rhode

Fed Chair Kevin Warsh eliminated forward guidance at his first meeting. The era of ‘waiting for the Fed signal’ to act on your debt is officially over.

The Headlines Said a Rate Hike Was Coming. Then the Data Said the Opposite. Here’s What It Means for Your Debt. (July 2026)

by Steve Rhode

CPI fell 0.4% in June — the opposite of what rate-hike headlines warned. Here’s what the data actually says and why it matters for your debt plan.

Oil Just Spiked, Treasury Yields Hit a 16-Month High, and the Market Flipped to Betting on a Rate Hike — If You’re Still Waiting for Rate Cuts, Read This (July 2026)

by Steve Rhode

The 2-year Treasury yield hit 4.24% as oil jumped 4% after U.S.-Iran strikes. Traders now nearly fully price a September Fed rate hike. Here’s what it means for your variable-rate debt.

The Unemployment Rate Dropped for the Worst Possible Reason

by Steve Rhode

The unemployment rate fell to 4.2% because 720,000 people stopped looking for work, not because they found jobs. Here’s what that quietly means for your money.

This Week in Debt: Settlement Cash, Fed Myths, Scam Alerts

by Steve Rhode

Amazon Prime refunds, a Lemonade breach payout, the Fed rate-cut myth, an AI voice-clone scam, and viral collector advice, explained plainly this week.

The Fed Just Told You Rates May Go Higher, Not Lower — Stop Waiting for a Rate-Cut Rescue (July 2026)

by Steve Rhode

The Fed’s June dot plot flipped: median official sees rates ending 2026 higher. Warsh said prices ‘too high’ July 1. Stop waiting for a rate-cut rescue that may not come.

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Get Out of Debt Guy Podcast - Steve Rhode

Get Out of Debt Guy Podcasts

  • Should Adult Kids Pay Rent—or Are You Sacrificing Your Retirement?
  • Should You Stop Paying Credit Cards? – Why Banks Won’t Help Until You’re Behind
  • Bankruptcy Isn't Failure—It's a Financial Tool | AI, College, and the Cost of Bad Money Decisions
  • Your Debt Isn't the Problem—Your Plan Is | AI, College Costs, and Paying the Right Bills
  • AI Is Changing Work Fast: Side Hustles, Cybercabs, and Protecting Your Financial Future

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