JUST IN: 🇺🇸 New York Fed President John Williams calls for more interest rate cuts this year. ...

Mexico’s annual inflation accelerated slightly less than expected last month, staying below the top of the central bank’s target range after policymakers delivered a 10th straight rate cut late last month https://t.co/pXslqvyS5h ...

Three central banks over two days surprised markets and economists with unexpected interest rate decisions, each flashing warning signs over growth and stirring uncertainty https://t.co/yY5uDMVs0q ...

Interest Rate Adjustment - The Philippine central bank unexpectedly lowered its benchmark interest rate by 0.25 percentage points [1]

US stocks crept higher after snapping their longest winning streak since May as traders look ahead to minutes from the Fed's September meeting for clues on how many more interest-rate cuts may be coming this year https://t.co/K7T8e2Hs1Y ...

Chile’s consumer prices rose in line with estimates last month as the central bank warns of increased inflation risks, adding uncertainty to bets on how soon the next interest rate cut could come https://t.co/bmR1BpZhCw ...

Core Insights - The article discusses the current state of money market account (MMA) rates, highlighting the impact of recent Federal Reserve rate cuts on these rates and the importance of finding competitive rates for savings [1][3][5]. Group 1: Current MMA Rates - The national average interest rate for money market accounts is 0.59%, while top rates can exceed 4% APY, comparable to high-yield savings accounts [2]. - TotalBank currently offers the highest MMA rate at 4.4%, which is over seven times the national average [8]. Group 2: Federal Reserve Influence - Money market account rates are closely tied to the federal funds rate set by the Federal Reserve, which influences deposit account rates [3]. - Following a series of rate cuts by the Fed, including a 50 basis point cut in September 2024 and additional cuts in November and December, money market rates have begun to decline [4]. Group 3: Future Rate Expectations - Rates are expected to continue declining after the Fed's recent cuts, suggesting that savers may have limited time to take advantage of higher rates [5]. Group 4: Considerations for Savers - Money market accounts are appealing for those seeking safety, liquidity, and better returns than traditional savings accounts, especially in the current elevated interest rate environment [6]. - Factors to consider when choosing a money market account include liquidity needs, savings goals, and risk tolerance [7].

The Bank of Thailand unexpectedly kept its key interest rate unchanged at the first policy meeting under new Governor Vitai Ratanakorn, defying expectations https://t.co/tk2cL9DmRo ...

Australia’s interest-rate gap with the US is set to turn positive in the coming months, potentially delivering a boost to the local dollar as domestic assets become more appealing, according to AMP https://t.co/fHuZcUcwD3 ...

Macroeconomic Analysis - Japan's long-term deflation, potentially since the 1980s, is attributed to a low birth rate, leading to decreased consumer demand and persistently low prices [1] - The Bank of Japan's (BOJ) monetary policy of printing money and maintaining near-zero interest rates aimed to stimulate inflation [1][2] - The end of cheap money in Japan, with rising yields, could force global hedge funds and private equity firms to sell assets to repay debts in Japanese currency [2] - A potential crash in asset prices due to the unwinding of yen-carry trades could lead to companies facing financial difficulties, layoffs, and overall economic hardship [2] Investment and Financial Market Implications - Venture capital and hedge funds have been borrowing Japanese Yen to purchase American assets, driving up asset prices in America [2] - The reversal of Japan's monetary policy could trigger a global asset sell-off, impacting company valuations and capital availability [2]