Published 1 year ago

What to do with your money now that the Fed just raised rates for the ninth time

Summary by Ground News

After two weeks of banking turmoil, the Federal Reserve on Wednesday raised its key interest rate again. It is as important as ever for savers and borrowers to shop around to get the benefit, or minimize the impact, of rising interest rates. Online high-yield savings accounts now offer rates as high as 5%, well above the national savings account average.

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CNN

What to do with your money now that the Fed has raised interest rates again?

Here are some ways to manage your money to get the most out of the higher rates, while protecting yourself from additional costs.

1 year ago·Atlanta, United States

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KRDO

What to do with your money now that the Fed just raised rates for the ninth time

By Jeanne Sahadi, CNN After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its key interest rate again, the ninth such hike over the past year. That increase — which comes after US regulators undertook a number of confidence-boosting efforts to backstop banks and

1 year ago·Colorado Springs, United States

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