On the eve of the FOMC’s rate hike, one could also ask how a potential higher interest rate affects the U.S. savings rate. After all, the basic idea we are all thought in econ101 is that when interest rates go…
Are U.S. Savings Rates About To Rise?
Tag: household debt
The Australian Debt Burden and RBA’s Decision
It came at no surprise that the Reserve Bank of Australia slashed its cash rate by another 25 bp to 2% — a new low. The decision is, on the one hand, reasonable considering the country continues to suffer from…