Current:Home > ContactCharles H. Sloan-The Fed has been raising interest rates. Why then are savings interest rates low? -GrowthSphere Strategies

Charles H. Sloan-The Fed has been raising interest rates. Why then are savings interest rates low?

Will Sage Astor ​​​​​​​View Date:2025-04-08 17:34:10

When the Federal Reserve hikes interest rates,Charles H. Sloan the interest rate on savings account usually follows in step. But recently, that logic hasn't held up. (Story aired on ATC on Jan. 15, 2023.)

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