Goldman Sachs Is Paying More for Your Savings

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The Street

By Luc Olinga Some banks have begun to pay savers well following the Federal Reserve’s rate hikes. Inflation, which is at its highest for 40 years, is a headache for consumers. From food to gasoline to just about everything else, inflation is burning household budgets. Aware of how reduced household spending could hobble the economy — consumption is, after all, the engine of American growth — the Federal Reserve has started to raise interest rates to try to tame soaring prices of goods and services. The federal funds rate now ranges 3% to 3.25% and is expected to increase to 4.5% by the end …

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