For the first time in over TEN FUCKING YEARS!
If you were fortunate enough to have some money in a bank, it’s been getting eaten up, year after year, by inflation.
The money amount is still there but the buying power is getting chipped away.
Fucking banks are literally paying .01% interest while the inflation rate has been 3-4%
WASHINGTON (Reuters) – The Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade next week, igniting a new debate: when to stop.
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