Savings account interest rates buffer the sting of inflation
Nov 21, 2022•12 min
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Episode description
One welcome result of the Fed raising interest rates is that people are seeing higher income on their risk-free savings accounts. For some, that's helping counteract some of the worst aspects of inflation.
Plus: the deadly shooting in Colorado Springs.
And: a groundbreaking climate compensation fund for developing nations.
Guests: Axios' Matt Phillips and Andrew Freedman.
Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Robin Linn, Lydia McMullen-Laird, Amy Pedulla, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.
Go Deeper:
Savings accounts pay more than rock bottom rates for the first time in a decade
COP27 summit yields historic deal on climate damage fund
Suspect identified in Club Q shooting that killed 5, injured 18
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