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 podcasts@axios.com. 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

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Axios podcast host Niala Boodhoo digs deep with leaders you know — or need to know — in business, politics and culture. Every week, all in under 20 minutes. About Axios: Axios is a digital media company launched in 2017. Axios helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  About Niala Boodhoo: Niala Boodhoo is the host of 1 big thing and previously hosted Axios Today She was the founding Host and Executive Producer of the award-winning news program The 21st. An alum of Reuters, The Miami Herald and WBEZ/Chicago, Niala was a 2019-2020 Knight-Wallace fellow.