this post was submitted on 07 Jul 2023
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Economics

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Banks are leaving savers shortchanged as interest rates soar | CNN Business (www.cnn.com)
submitted 2 years ago by yenahmik to c/[email protected]
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[–] Fleamo 3 points 2 years ago

We are so used to basically zero interest that it has lost its power as a market signal. It will come back eventually, but we were at basically zero for a decade and a half and rates are high enough to support 1%+ interest rates for maybe a year? Just takes time to adjust.