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The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.

What will the interest rate freeze mean for house prices across the North East?

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Inflation (In two or more ways.)

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TheStreet’s Remy Blaire brings you the biggest news of the day, including what investors are watching and why wages aren’t keeping up with inflation.

U.S. wages aren’t keeping up with inflation

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Data Shows , US Wages Falling , at a 'Striking' Pace.<br/>Fox News reports that wage growth <br/>in the United States has slowed <br/>significantly over the past year. .<br/>According to new data from Indeed, <br/>wage growth is beginning <br/>to near pre-pandemic levels. .<br/>Indeed's wage tracker showed that salaries have had <br/>a marked drop since January 2022, suggesting that <br/>employers are seeing less competition for new hires.<br/>The pace of deceleration <br/>is striking. Posted wage growth <br/>has fallen by almost 3 percentage <br/>points over the past year, Nick Bunker, Indeed labor economist, via Fox News.<br/>Fox News reports that the most pronounced <br/>deceleration was found in low-wage sectors. .<br/>Given the huge run-up in posted <br/>wages for those sectors, wage growth <br/>is still above its pre-pandemic pace. <br/>How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.<br/>After remaining historically tight throughout the last <br/>year, the labor market is expected to continue slowing <br/>in the coming months amid elevated interest rates.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .<br/>Despite this, job growth has <br/>remained resilient, with employers <br/>adding 275,000 jobs in February. .<br/>At the same time, Labor Department <br/>data shows that the unemployment <br/>rate for the month also rose to 3.9%.

Data Shows US Wages Falling at a 'Striking' Pace

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GaroShadowscale Furry

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The Bank of England has opted to maintain its current interest rates at 5.25 percent, despite a decline in inflation. In February, inflation dipped to 3.4 percent from January's 4 percent, marking the lowest rate since September 2021 when it stood at 3.1 percent.<br/><br/>They anticipate inflation will return to its two percent target between by June this year, nearly 18 months earlier than previously projected. <br/><br/>Those in the property sector will particularly welcome the news as there have been fears of a market crash.

How will the interest rate freeze affect property prices across Leeds and Yorkshire?

⏲ 1:5 👁 165K

A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual percentage yield, is the amount of interest earned on an account in one year. The APY for high-yield savings accounts can be anywhere from 3% to over 5% — much higher than that of a traditional account. <br/><br/>Savings rates have been on the rise following a series of interest rate hikes by the Federal Reserve, as the central bank has sought to reduce inflation. The Fed opted to raise rates at the last meeting, raising the federal funds rate, a key bank lending rate, to a target range of 5.25%-5.50%. Experts believe that the Fed may raise rates again at the next meeting. Higher interest rates could potentially increase savings rates further, so many recommend locking in rates now while they're on the rise. Over time, rates will decrease as inflation cools.<br/><br/>Since the rate of return on high yield savings accounts is better than that of traditional savings accounts, you'll be able to accrue more cash over time. You can use our tool, in partnership with Bankrate, to compare savings rates today.

What Are High-Yield Savings Accounts?

⏲ 1:27 👁 135K

In a 2018 interview with US Weekly, Teyana Taylor said her sculpted midsection comes from genetics, “People used to call me a ninja turtle because even when I was six years old, I had a little Buddha belly, but there was still a six-pack on top of it.”

WATCH: In My Feed - How To Get Teyana Taylor’s Solid Abs

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