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Big U.S. Lenders Reap Benefits Of Higher Rates, But Savers Not So Much

FYI: The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

But ask bankers when they will start paying more for the money that savers have in their deposit accounts, and the answer is: not any time soon.
Regards,
Ted
https://www.reuters.com/article/us-usa-banks-results-deposits/big-u-s-lenders-reap-benefits-of-higher-rates-but-savers-not-so-much-idUSKBN1F60FJ
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