Savings account interest rates buffer the sting of inflation

1 big thing

Axios

News

4.0 • 2K Ratings

🗓️ 21 November 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 podcasts@axios.com. 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	20th century studios presents a haunting in Venice. Only in cinemas.
0:05.0	Somebody that's been mad at a ghost killed her.
0:08.0	Kenneth Branagh.
0:09.0	Don't must be rational, that's the fault of this.
0:11.0	She need don't any Tina Fey.
0:13.0	Don't look at me like I'm a suspect.
0:15.0	Kully Riley, Michelle Yew.
0:17.0	You don't believe in ghosts?
0:18.0	No one shall leave until I find if the living have been killed by the dead.
0:21.0	A haunting in Venice directed by Kenneth Branagh.
0:24.0	Only in cinemas September 15th.
0:26.0	Book tickets now.
0:30.0	Good morning. Welcome to Exios today.
0:35.0	It's Monday, November 21st. I'm Nyla Boudou.
0:39.0	Here's what we're covering.
0:40.0	A groundbreaking climate compensation fund for developing nations.
0:44.0	Plus, a deadly shooting in Colorado Springs.
0:48.0	But first, savings account interest rates are an inflation buffer for some.
0:53.0	That's our one big thing.
1:00.0	One welcome result of the fed raising interest rates
1:03.0	is that people are seeing higher income on their risk-free savings accounts.
1:07.0	We ask you if that's been your experience lately.
	...

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