The Federal Reserve probably will not announce a rate hike on the second day of its Federal Open Market Committee meeting on Wednesday. But there's a decent chance it will again by year's end. And since the Fed started raising rates 18 months ago, we've seen the federal funds rate rise a full 1 percent. This is the benchmark interest rate for the economy. When it goes up, so do other rates. And yet, in our bank accounts, nada. Big banks have barely changed the rate they pay, with one big exception: corporate deposits.
Click the audio player above to hear the full story.
“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VABEFORE YOU GO