How The Fed's Latest Rate Increase Will Affect Your Bank Savings

Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost confidence in the financial system.

Topics:  bank   
BING NEWS:
  • Fed Rate Predictions: Forget Interest Rate Cuts. One Economist Says Rate Hikes Are More Likely This Year
    The Fed paused the federal funds rate at a target range of 5.25% to 5.5% in August last year after raising interest rates 11 times between March 2022 and July 2023. Inflation reacted quickly, dropping ...
    04/26/2024 - 3:56 pm | View Link
  • Bets on Rate Cuts This Year Are Fading Away
    Stubborn inflation has led traders to forecast far fewer rate cuts by the Federal Reserve than just a few months ago.
    04/26/2024 - 7:16 am | View Link
  • Fed seen on track for Sept start to US rate cuts
    U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate ...
    04/26/2024 - 4:11 am | View Link
  • PCE inflation accelerates in March. What it means for Fed rate cuts
    PCE inflation, which is watched closely by the Federal Reserve, picked up in March while a core measure stayed high.
    04/26/2024 - 1:34 am | View Link
  • This Week In Credit Card News: The Cut In Late Fees May Increase Your Card’s Interest Rate
    The credit card company Synchrony Financial is hiking interest rates it charges to its customers, part of a series of steps to mitigate the financial impact of a Consumer Financial Protection Bureau ...
    04/25/2024 - 11:08 am | View Link
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