The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
Whew, about time, I was afraid it would just keep going! Pretty insane to see bank accounts with interest rates > 4% again. The last time I saw that was 2007/2008 right before the big crash.
Whew, about time, I was afraid it would just keep going! Pretty insane to see bank accounts with interest rates > 4% again. The last time I saw that was 2007/2008 right before the big crash.