1 big thing

Savings account interest rates buffer the sting of inflation

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One welcome result of the Fed raising interest rates is that people are seeing higher income on their risk-free savings accounts. For some, that's helping counteract some of the worst aspects of inflation.

  • Plus: the deadly shooting in Colorado Springs.
  • And: a groundbreaking climate compensation fund for developing nations.

    • Guests: Axios' Matt Phillips and Andrew Freedman.

    Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Robin Linn, Lydia McMullen-Laird, Amy Pedulla, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

    Go Deeper:

    • Savings accounts pay more than rock bottom rates for the first time in a decade
    • COP27 summit yields historic deal on climate damage fund
    • Suspect identified in Club Q shooting that killed 5, injured 18
      • ...more
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