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More Than $10 Billion Deposited in Apple Card Savings Accounts
(www.macrumors.com)
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this post was submitted on 04 Aug 2023
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One minor correction, interest rates have been raised to fight inflation. Concerns of a recession came because when you raise rates people spend less and the economy slows. But, Americans being Americans, they haven’t really slowed down their spending so recession concerns haven’t been a huge issue.