Short-term fixed deposits: Earn FD rates up to 8.75%; top banks for highest interest rates for less than 1 year tenure

Credit: IndiaTimes- Published on April 24, 2024
Short-term Fixed Deposits in India offer varying interest rates. HDFC Bank, ICICI Bank, and Yes Bank provide rates between 3% and 7.25% for terms under one year, as per an ET report.

Video credit: Wibbitz Top Stories
Published on April 26, 2024 -  01:30
Key Federal Reserve Inflation Gauge Rose 2.8% in March
Key Federal Reserve Inflation Gauge , Rose 2.8% in March. According to Commerce Department data released on April 26. the personal consumption expenditures (PCE) price index, not including food or energy, rose 2.8% year-over-year in March. . That exceeded Dow Jones estimates of 2.7%, CNBC reports. . When also accounting for food and energy, the all-items PCE measure rose 2.7%, which was above the 2.6% estimate. Inflation reports released this morning were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC. ... but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC. The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC. Consumers continue to spend despite higher prices, CNBC reports. Personal spending increased 0.8% in March, while personal income rose 0.5%. The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living. The Fed continues to target 2% inflation, which the core PCE has exceeded for the last three years, CNBC reports.

You are here


Related videos from verified sources

Why interest rates matter to bonds, stocks and cash 03:07
Credit: Yahoo UK - Published on April 29, 2024 


Will Biden CUT RATES? Americans SUFFER Among Economic Downturn | $LIGHTLY FINANCIAL
Credit: Rumble - Published on April 20, 2024 


IMF Warns of Broad Global Impact Due to Conflict in the Middle East 01:31
Credit: Wibbitz Top Stories - Published on April 16, 2024 


You might like