Tag: Benchmark Interest Rate
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Federal Reserve Maintains Highest Benchmark Interest Rate in 22 Years, Offering Savers Opportunities for Better Returns
This decision impacts benchmark interest rates on various financial products across the US economy. Savers and those with surplus funds now have ample opportunities to achieve returns surpassing inflation rates. The benchmark interest rate set by the Federal Reserve remained unchanged, maintaining its highest level in over two decades Traditional brick-and-mortar giants like JPMorgan Chase…