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Stock impact report

The Fed's low rates will punish people who save [CNNMoney.com]

CME Group Inc. - Class A (CME) 
Last cme group inc. - class a earnings: 4/29 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
Company Research Source: CNNMoney.com
The Fed's low rates will punish people who save New York (CNN Business) The Federal Reserve has thrown one lifeline after another to businesses, cities, states and consumers to try and keep the economy afloat in the midst of the Covid-19 pandemic. But people trying to sock money away in savings accounts likely won't get much help from the Fed. When the Fed meets on Wednesday to discuss its latest efforts to help stimulate the economy , it is guaranteed to leave short-term interest rates at zero. The Fed slashed them to that level last month. Low rates punish people, particularly older and more conservative investors, who are stashing money in bank accounts, money market funds or Treasury bonds. These vehicles now generate little, if any, in the way of interest income. That's not going to change for the foreseeable future. Lower for longer is the new normal when it comes to rates Read More The Fed is unlikely to raise rates anytime soon. Federal funds Show less Read more
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