Between March 2022 and July 2023, the Federal Reserve undertook a series of 11 rate hikes on its benchmark interest rate, reflecting its aggressive stance to combat soaring inflation. This strategy led to a significant increase in interest rates for money market accounts (MMAs), with rates rising from a national average of 0.23% two years...
Premium Membership Required
You must be a Premium member to access this content.
Already a member? Log in here
