January 29, 2023

The Fed is elevating rates of interest. Why then are rates of interest on financial savings low? : NPR



The Fed is elevating rates of interest. Why then are rates of interest on financial savings low? When the Federal Reserve raises rates of interest, the rate of interest on financial savings accounts normally follows. However currently this logic has not held water. (The story aired on ATC on January 15, 2023.)

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