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This Week’s Economic News Will Affect Bank Interest Rates

Posted by: RateAPY Bank Rates News
March 22nd, 2010

Bank Interest Rates Respond to Latest News

Last night’s vote on the health care bill should have positively effected either stocks or bonds, but not both. Today both markets are up, which likely means one is false and will have to correct in the days to come. How that correction manifests could ultimately affect the interest you can earn on your savings accounts, money market accounts and certificates of deposit.

Watch for several other newsworthy events scheduled for this week, any of which could also affect interest rates. The upcoming economic news focuses primarily on housing and the Gross Domestic Product (GDP).

  • Tuesday, March 23–existing home sales
  • Wednesday, March 24– new home sales
  • Thursday, March 25–Chairman Ben Bernanke gives rescheduled Congressional testimony on Fed’s “exit strategy” for easing rates up from current low levels
  • Friday, March 26–GDP third estimate; GDP chain deflator third estimate

1 Comment »

  1. Posted by: Online Source for the Best Bank Rates & Bank Deals
    Posted: March 25, 2010

    [...] mentioned earlier in the week, today, Thursday March 25, 2010, Federal Reserve Chairman Ben Bernanke gave his scheduled testimony [...]

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