Banks are offering the promotional rates to attract deposits. Given concerns about the economy, it’s unclear how long banks will continue to reward savers.
Tag: Inflation (Economics)
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U.K. Inflation Edges Lower, but Persists in Double Digits
Prices rose at an annual rate of 10.1 percent last month, down from 10.4 percent in February. Despite an easing in transport costs, food prices continued to keep inflation high.
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In Pakistan, Economic Crisis Mutes Ramadan Celebrations
Rampant inflation, damaged crops and the war in Ukraine have sent food prices soaring during the Muslim holy month of daytime fasting and nighttime feasting.
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Unemployment Is Low. Inflation Is Falling. But What Comes Next?
Despite hopeful signs, economists worry that a recession is on the way or that the Federal Reserve will cause one in trying to rein in inflation.