Interest Rates – Page 57

Strong hiring hints at more work ahead for the Fed, but wages cool.

The Fed is tracking incoming labor figures as it decides how high interest rates need to go and how long they should stay elevated.

The Fed made it clear that it is tracking incoming labor figures as it figures out how high interest rates need to go.

Some online banks offer yields of 3.3 percent or more, but savers may be reluctant to open one because they think it will be a hassle.

Another half-point increase pushed rates to the highest levels since 2008, and the bank said it “expects to raise them further.”

A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.