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Karen Bennett
Verified
Senior Consumer Banking Reporter, Bankrate
Beats
Energy
journalist
Content
By Karen Bennett Verified, Yuliya Goldshteyn| Bankrate Verified The annual rate of inflation has reached its lowest level in four years, according to the consumer price index (CPI) report released Thursday. The 12-month inflation rate decreased in March to 2.4 percent from February’s rate of 2.8 percent. Prices fell on gasoline, used cars and trucks, auto insurance, airfare and recreation. Meanwhile, prices rose on food, medical care, new vehicles and clothing. These numbers don’t include any potential fallout from President Donald Trump’s trade tariffs.
By Karen Bennett Verified| WACH-TV (Columbia, SC) Verified Your savings account has a variable interest rate, so your bank can choose to raise or lower that rate at any time. Due to this, the yield you’re currently earning might not be the same as it was last year or even last month. While such rate changes are ultimately up to the bank, there are several factors that can influence its decision to move its rates in either direction. These include changes to the federal funds rate, macroeconomic conditions and whether the bank is in need of deposits.
By Karen Bennett Verified, Yuliya Goldshteyn| Bankrate Verified The annual rate of inflation has reached its lowest level in four years, according to the consumer price index (CPI) report released Thursday. The 12-month inflation rate decreased in March to 2.4 percent from February’s rate of 2.8 percent. Prices fell on gasoline, used cars and trucks, auto insurance, airfare and recreation. Meanwhile, prices rose on food, medical care, new vehicles and clothing. These numbers don’t include any potential fallout from President Donald Trump’s trade tariffs.
Company Info
Bankrate
Bankrate is a prominent personal finance company founded in 1976 by Robert K. Heady. Initially known for its print publications, it transitioned to an online platform with the launch of Bankrate.com in 1996. This shift marked a significant evolution in its business strategy, allowing it to provide a wide array of financial information and tools to consumers. The company offers detailed insights on credit cards, mortgages, deposits, and other financial products. It features calculators and comparison tools to help users make informed financial decisions. Bankrate also operates a network of content-rich websites that focus on various financial categories, providing valuable advice for managing personal finances. While it has a history of print publications, its primary focus is now on delivering comprehensive online financial services.
Fort Mill, South Carolina, United States
'+1 561-630-2400
Founded: 1976