When the Fed hikes interest rates, as it's been doing to bring down inflation, borrowing—like mortgages and loans—gets more expensive˛ And higher rates should mean savers are earning more interest on their bank accounts.
But lately, consumers are getting left in the dust. As the Fed pushes interest rates higher, savings deposit rates are hovering effectively near zero. Today, we talk with an economist and the CEO of a community bank about why that's the case, and what it would take for that to change.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
2024-12-24 06:33394 view
2024-12-24 05:50252 view
2024-12-24 05:41503 view
2024-12-24 05:361061 view
2024-12-24 05:34339 view
2024-12-24 05:142010 view
ATLANTA — With each missed layup, clanked three and clumsy pass out of bounds, you could imagine Dan
You can't put a listing price on drama. And with almost too many feuds to count, season three of Sel
CHARLOTTE, N.C. (AP) — United Methodist delegates on Friday repealed their church’s longstanding ban