Federal Reserve survey shows consumer inflation expectations holding steady

Apr 8, 2024
Households expect inflation to be 3% in a year. While that’s not up from the previous month, it’s also not down.
For consumers, it's important that the Fed expresses its commitment to getting inflation down to 2%, no matter how long it takes, economist Carola Binder said.
Robert Nickelsberg/Getty Images

How would interest rate cuts affect your high-yield savings account?

Apr 2, 2024
With the Federal Reserve signaling it plans to cut rates up to three times this year, interest payments, and interest charges, are likely to drop.
While there are upsides for consumers when interest rates come down, high-yield savings accounts will likely offer lower rates too. Above, Federal Reserve Chair Jerome Powell.
Chip Somodevilla/Getty Images

When will the Fed cut rates? Senators are likely to put Jay Powell on the spot when he testifies

Mar 7, 2024
He says there's likely to be a rate cut this year, but he won't say when.
Above, Federal Reserve Bank Chairman Jerome Powell testifies before the House Financial Services Committee on Wednesday.
Chip Somodevilla/Getty Images