Current:Home > InvestThe Fed has been raising interest rates. Why then are savings interest rates low? -ValueCore
The Fed has been raising interest rates. Why then are savings interest rates low?
View
Date:2025-04-19 12:15:42
When the Federal Reserve hikes interest rates, the interest rate on savings account usually follows in step. But recently, that logic hasn't held up. (Story aired on ATC on Jan. 15, 2023.)
veryGood! (72184)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Kirby Smart after Georgia football's 63-3 rout of Florida State: 'They need to fix this'
- Feds say they won't bring second trial against Sam Bankman-Fried
- Meet the New York woman bringing Iranian-inspired beer to the United States
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Influential former Texas US Rep. Eddie Bernice Johnson dies at 88
- Dying in the Fields as Temperatures Soar
- Surfer dies after shark “encounter” in Hawaii
- New data highlights 'achievement gap' for students in the US
- American democracy has overcome big stress tests since the 2020 election. More challenges are ahead
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Laws banning semi-automatic weapons and library censorship to take effect in Illinois
- Lamar Jackson’s perfect day clinches top seed in AFC for Ravens, fuels rout of Dolphins
- 2024 Winter Classic: Live stream, time, weather, how to watch Golden Knights at Kraken
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Zac Brown, Kelly Yazdi to divorce after marrying earlier this year: 'Wish each other the best'
- AFC playoff picture: Baltimore Ravens secure home-field advantage
- States set to enact new laws in 2024 on guns, fuzzy dice and taxes
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Russia launches record number of drones across Ukraine as Moscow and Kyiv continue aerial attacks
AFC playoff picture: Baltimore Ravens secure home-field advantage
This group has an idea to help save the planet: Everyone should go vegan
Most popular books of the week: See what topped USA TODAY's bestselling books list
Houthis show no sign of ending ‘reckless’ Red Sea attacks as trade traffic picks up, commander says
College Football Playoff semifinals could set betting records
Russia launches fresh drone strikes on Ukraine after promising retaliation for Belgorod attack