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How the Fed Rate Pause Is Hurting Your Savings
Lucas and Luna dig into a surprising effect of the Fed's interest rate pause: even with CPI still elevated at 332.4 and 10-year breakeven inflation at 2.36%, the effective federal funds rate has dipped slightly to 3.63%. That small move is already squeezing savers. The hosts walk through how high-yield savings account rates have started to drift lower, why banks are cutting deposit rates faster than the Fed cuts, and what listeners can do about it. They reference the recent hot jobs report that pushed rate cuts further out, and discuss how the S&P 500's 2.8% weekly drop adds another…
The skinny
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