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Federal open market committee

Why has it taken so long for savings account interest rates to start rising?

by Nancy Marshall-Genzer
Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images
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Supply chains are still disrupted, corporate economists report

by Mitchell Hartman
Jul 25, 2022
A record-high percentage of firms are facing supply shortages, the National Association for Business Economics found, and most are passing cost increases om to customers.
There are more new cars available to consumers, but it's more because of slowing demand than easing supply chain issues.
Spencer Platt/Getty Images
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Reading the Federal Reserve minutes can feel like hours, but Fed watchers still pore over them

by Matt Levin
May 24, 2022
For those who understand Fed lingo, the minutes can hint at divisions or disagreements, and where Fed policy may be headed.
Fed Chair Jerome Powell at a news conference following the Federal Open Market Committee meeting on May 4. We'll get the minutes for that meeting Wednesday afternoon. Get your coffee ready.
Win McNamee/Getty Images
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The Fed was unusually chatty Tuesday

by Mitchell Hartman
Jun 4, 2019
Five public speeches? Even for increasingly communicative central bankers, that's a lot.
Fed chair Jerome Powell speaks during a conference at the Federal Reserve Bank of Chicago on June 4.
Scott Olson/Getty Images
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The Federal Reserve

It's time for the Federal Reserve's annual game of musical chairs

by Nancy Marshall-Genzer
Jan 29, 2019
The Fed presents a united front when it makes decisions, but not everyone on the Federal Open Market Committee has a say on interest rates.
People wait for a press conference after the Federal Open Market Committee meeting in Washington, D.C., in 2017.
Andrew Caballero-Reynolds/AFP/Getty Images
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The Fed talks interest rates with an eye toward the yield curve

by Amy Scott
Jun 12, 2018
The Federal Open Market Committee begins its two-day meeting today to talk interest rates. The Fed is expected to raise its target rate by a quarter of a point for the second time this year. And with unemployment reaching a new low last month and inflation creeping up, analysts expect officials to keep raising rates […]
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Yellen leads her last Fed meeting

by Ryan Kailath
Jan 30, 2018
Chair of the Federal Reserve Janet Yellen ends a cautious four-year run. Click the audio player above to hear the full story.
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