Some online banks offer yields of 3.3 percent or more, but savers may be reluctant to open one because they think it will be a hassle.
Category: Inflation (Economics)
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Is It Time for a High-Yield Savings Account? What to Know About Rates.
The New York Times – Business: -
Amazon Reports Almost No Profit and Slowing Growth
The New York Times – Business:The company indicated the slowing growth and tight margins would continue in the first three months of this year.
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European Central Bank Raises Rates Again
The New York Times – Business:Another half-point increase pushed rates to the highest levels since 2008, and the bank said it “expects to raise them further.”
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
The New York Times – Business:People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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Bank of England Is Expected to Raise Rates Again
The New York Times – Business:A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
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Eurozone Inflation Falls in January as Energy Costs Ease
The New York Times – Business:Prices rose at an annual rate of 8.5 percent last month, down from 9.2 percent in December, but signs of persistent cost increases remain.
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Stock Market’s Newfound Optimism Faces Test as Fed Meets
The New York Times – Business:Recent stock gains have been driven by hope that a rate-raising cycle is close to ending. If investors decide they were wrong about this, a drop could follow.
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Brexit Turns 3. Why Is No One Wearing a Party Hat?
The New York Times – Business:The divorce between Britain and the European Union has become the dark thread that, to many, explains why Britain is suffering more than its neighbors.
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U.S. Wages Grew More Slowly Than Expected Late Last Year
The New York Times – Business:The Employment Cost Index, which Federal Reserve officials watch closely as a gauge of pay trends, is picking up more slowly.
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Sri Lanka Is Calm Again. That Doesn’t Mean Things Are Any Better.
The New York Times – Business:After an economic collapse and political upheaval, Sri Lankans have become resigned to leaner meals and reduced horizons.
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Inflation Leads a New Generation to the Bread-Making Machine
The New York Times – Business:Rediscovered in the early days of the pandemic, the mainstay of ’90s kitchens has become an indispensable tool for some younger bakers trying to save money.
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Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
The New York Times – Business:Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.