Search Results for: "different"

Interest Rate Chasing in Your Savings Account

Yesterday I got an email from Marcus, my online savings account. They lowered the interest rate on my savings (and everyone else’s) from 2.25% to 2.15%. I heard stories from people who use other savings accounts that also saw a drop. These online savings accounts are obviously getting ahead of the possible Fed rate cut…

Why Do We Need Inflation?

A reader asks: Why do we need inflation? This is a good question because wouldn’t we all be better off if prices were to fall? It’s not always that easy.