Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
The Inflation Gap Between Your Brokerage and Your Bank
In this episode, Lucas and Luna break down a strange disconnect in the current economy: while the S&P 500 is sitting at 7,483 and the Fed's core PCE is running at 3.4 percent, the Fed funds rate is stuck at 3.63 percent. Consumers are seeing their cash savings earn barely 0.5 percent at big banks, while the stock market hits new highs. The hosts explain why banks don't pass along rate hikes to savers, how the gap between the Fed funds rate and deposit rates has widened since the 2008 crisis, and what that means for the 4.2 percent unemployment rate and the recent jobs report showing…
The skinny
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