Impact on consumers One silver lining of sharply higher borrowing costs has been high-interest savings accounts that now can offer annual percentage yields of 5% or more, a boon for savers. As rates come down, those yields are likely to dip. Further, investors might want to lock inhigher ra...
Goldman Sachs economist Jan Hatzius wrote in a research report, “The Federal Reserve will soon begin to lower fund interest rates, most likely in March. After all, Chairman Powell said at a press conference on December 13 that the Commission hopes to cut interest rates before the inflation ra...
While Apple did not give an exact time line, the tech giant said theGoldman Sachshigh-yield savings account for Apple Card holders would become available "in the coming months." They will be able to automatically put their Daily Cash cashback rewards into the account, plus move money from th...
Goldman Sachs's rate forecast At Goldman Sachs, the recent data have led economists to push out their projection for a Fed rate cut to September from their previous forecast of July. The next Fed meeting is in June, followed by July and September. Interest...
The new savings account has no minimum and zero fees but carries a $250,000 maximum deposit, limiting the interest earned at the high yield rate. In addition to Daily Cash, users can deposit funds through checks or ACH transfers from outside accounts. The Goldman Sachs account ...
Economists at Goldman Sachs, led by Jan Hatzius, wrote in a report that although a 25 basis point rate cut is expected from Federal Reserve policymakers this week, recent statements suggest that the Fed 'clearly' wants to slow down the pace of rate cuts. They noted this is because the ...
If you’re simply looking to increase your savings, this online bank by the Wall Street giant Goldman Sachs can be a good choice. Rates are competitive and there are no monthly fees, plus savings accounts have same-day online transfers of relatively high amounts. But the bank doesn’t offe...
Goldman Sachs has formulated the perfect scenario for stocks to fight back against higher interest ratesJoe Ciolli
Fed to get going with monetary policy normalization, says Goldman Sachs Jan Hatzius of the investment bank says it expects four interest rate hikes from the U.S. Federal Reserve this year, with the first one in March. Mon, Jan 24 202211:45 PM EST watch now watch now VIDEO04:53 Zsc...
Goldman Sachs Group Inc. economists said they no longer expect the Fed to deliver a rate increase next week.