Banking

Powell's Testimony Resurrects Hopes That Rate Cuts Are on the WayGettyImages-2160703407.jpg

Powell’s Testimony Resurrects Hopes That Rate Cuts Are on the Way

Bloomberg/Contributor/Getty Images Key takeaways The US economy has made “considerable progress” toward the Fed’s 2% inflation goal over the past two years, Chair Jerome Powell said during congressional testimony today. Besides cooling inflation, a softening labor market could potentially affect the Fed’s decision to cut interest rates. The latest Consumer Price Index inflation data is […]

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Best Savings Rates Today - APYs Remain High Ahead of Inflation Data, July 9, 2024GettyImages-1359285160.jpg

Best Savings Rates Today – APYs Remain High Ahead of Inflation Data, July 9, 2024

Key Takeaways Today’s top high-yield savings accounts earn up to 5.55% APY.  Experts predict savings rates will drop later this year.  Now’s the time to maximize your interest earnings with a high APY, because once the Fed drops rates, your APY will likely fall, too.  Savers have been able to enjoy the benefits of high

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