Guess How Much Interest You Earned Since the Fed Increased Rates? Hint: Your Grandma is Upset

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In This Episode:
The Fed has been casually, slowly, and in agonizing leisure, increased interest rates. Commercial banks usually follow suit by passing that off onto their customers. Increased rates on savings account means more people saving. That means more money in their pockets over time. But what happened this time around?

fed federal reserve central bank