The Fed hasn't touched interest rates since July, but they're still moving. What that looks like for credit cards, mortgages and savings accounts

Inflation in the U.S. has hit a speed bump.

While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%.

Core inflation — which removes volatile food and energy prices from the index — was even higher, at 3.8%.

For perspective, the Fed's inflation target is 2%.

Those higher-than-expected readings dashed most hopes that the U.S. Federal Reserve would begin cutting interest rates this spring, as many central bank watchers hoped they might after nearly two years of steady rate increases.

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For everyday consumers, that means most interest rates will continue at their decadeslong high for a little bit longer. But while the Fed has now left rates untouched since July, consumers have still seen some movement in rates on common products like mortgages and credit cards due to other influences.

Here's what those high rates have looked like over the past 12 months in four major consumer categories: savings accounts, certificates of deposit, credit cards and mortgages.

Higher rates mean that consumers have to pay more to service their debt, but it also means that banks pay higher rewards to savers. It's one of the silver linings to the current rate environment, said Ted Rossman, chief credit card analyst at Bankrate.

"There's also been remarkable stability at the top of this market," Rossman said. "The highest savings rate right now is 5.35%."

That top rate is