Call it a sticky situation
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If you'd rather step in gum than jump through the hoops of switching banks, blame it on "deposit stickiness." We explain, then add color to the Fed's Beige Book.
Segments From this episode
Higher interest rates should mean more money for savers — but switching banks can be a hassle
The average yield for a savings account is under 1%. Depositors, however, don't always take the opportunity to get more.
FHLB: The banking backstop you've never heard of
The Federal Home Loan Bank system was created during the Great Depression to boost mortgage lending and absorb shocks for banks under stress.
The Federal Reserve's Beige Book adds color to economic data
The influential update, also known as the Summary of Commentary on Current Economic Conditions, comes out Wednesday.
The Battle of Newburgh
From Marketplace’s podcast “The Uncertain Hour,” Producer Peter Balonon-Rosen explores a controversial 1960s battle over race and welfare policy in New York state that laid the groundwork for today’s federal welfare policies.
Music from the episode
Heat Waves Glass Animals
Any song ZICO
She is Whimsical Arthur Benson
Sous Rising Takenobu
Just the Two of Us Bill Withers, Grover Washington, Jr.
Nancy Farghalli Executive Producer
Daisy Palacios Senior Producer
Maria Hollenhorst Producer
Sean McHenry Associate Producer
Andie Corban Associate Producer
Richard Cunningham Associate Producer