Savings account interest rates buffer the sting of inflation

One welcome result of the Fed raising interest rates is that people are seeing higher income on their risk-free savings accounts. For some, that's helping counteract some of the worst aspects of inflation. Plus: the deadly shooting in Colorado Springs. And: a groundbreaking climate compensation fund for developing nations. Guests: Axios' Matt Phillips and Andrew Freedman. Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Robin Linn, Lydia McMullen-Laird, Amy Pedulla, Fonda Mwangi and Alex Sugiura. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: Savings accounts pay more than rock bottom rates for the first time in a decade COP27 summit yields historic deal on climate damage fund Suspect identified in Club Q shooting that killed 5, injured 18 Learn more about your ad choices. Visit megaphone.fm/adchoices