Browsing: Savings accounts

Economy

A dramatic increase in the rate of personal savings during the COVID-19 pandemic—driven in part by federal stimulus—may have contributed to persistently high inflation amid constrained supply, according to an economic analysis published today by Federal Reserve staff.

Newsbytes

Amid the uncertainty stemming from the coronavirus pandemic and the policy response to it, six in 10 Americans describe themselves as “savers,” up from 54% in 2019, according to a CNBC survey today.