Get ready to say goodbye to 5 percent yields on savings
The news: With inflation down, the Federal Reserve is poised this month to start cutting interest rates. “The days of 5 percent are numbered, "said Peter Crane, chief executive officer of Crane Data, a Westborough firm that tracks the fund industry. The Fed is pivoting from fighting inflation to protecting the job market by easing credit for consumers and businesses.
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.
CT Projects $210M Medicaid Cost Overruns, Challenging Spending
Ripple CTO Slams Fed for Sanctioning United Texas Bank Over Bitcoin
Advisor News
- The gap between policy awareness and investor conversations
- Younger investors turn to ‘finfluencers’
- Using digital retirement modeling to strengthen client understanding
- Fear of outliving money at a record high
- Cognitive decline is a growing threat to financial security
More Advisor NewsAnnuity News
- InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
- FACC and DOL enter stipulation to dismiss 2020 guidance lawsuit
- Zinnia’s Zahara policy admin system adds FIA chassis to product library
- The Standard and Ignite Partners Announce Launch of Thrive Plus Fixed Indexed Annuity
- CareScout Joins Ensight™ Intelligent Quote LTC & Life Marketplace
More Annuity NewsHealth/Employee Benefits News
- Slim chances of major health care legislation passing this year
- TODAY'S HEARING: HOSPITAL SYSTEMS' CONSOLIDATION AND OPAQUE BILLING PRACTICES DRIVING THE HEALTH CARE AFFORDABILITY CRISIS
- Pending cuts to Georgia Medicaid payments could affect children who need therapy
- AI is coming to Medicare claims
- Closing the Gig Gap: The Push for Specialized Insurance in the App-Based Economy | Insurify
More Health/Employee Benefits NewsLife Insurance News
- Foresters Financial revamps accelerated underwriting, raises limits to $2M
- National Life Group Appoints Matthew Frazee as Chief Financial Officer to Support Continued Organizational Growth
- Protective to Acquire Obsidian from Genstar Capital, Expanding into Specialty Property & Casualty Insurance
- North Carolina court finally sets sentencing date for Greg Lindberg
- InspereX Partners with AuguStar Retirement for Strategic Expansion into Annuity Market
More Life Insurance News