MoneyRates Blog
Bank Rates Need Rethinking with New Inflation Numbers
November 18, 2009
As expected, October’s inflation number represents something of a turning point for the inflation environment. Depositors now need to watch closely to see how savings account rates, money market rates, and CD rates respond.
The Consumer Price Index (CPI) for October of 2009 increased by 0.3%. That’s a fairly normal monthly increase for inflation, but it is [...]
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