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CNET Money expert Laura Michelle Davis pours us a big cup of fed rates. Cheers! #fedrate #money #explainer #banking #debt
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Unboxing the PlayStation 5 Pro
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A Helium-Filled Cell Tower in the Sky
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@JaimeeNishiokaka
July 31, 2024 at 2:31 pm
My attempt at sexting ended with autocorrect changing “naughty” to “haughty.” Nothing like accidentally insulting your partner to kill the mood😚
@lisaboban
July 31, 2024 at 3:00 pm
Sure. Except .. historically bank have been very slow to increase rates on savings and very fast to increase rate on debt. Many loans are tied to indexes like the Wall Street Journal rate or the Federal Home Loans Bank rates. But savings rates are “at the banks discretion”. So while your little coffee illustration is theoretically how things work, the reality is not so “sweet”.
@PMichaels
July 31, 2024 at 3:16 pm
Thanks, Obama… 🙄
@rawwr2469
July 31, 2024 at 6:27 pm
They must think we’re complete morons.