"The APY includes interest earned on interest even though the APR utilizes The straightforward interest process," Lonie says. "Generally, APY is utilized for deposit-variety accounts and APR for financial loans or credit playing cards." “It’s a testament on the Federal Reserve.” He also cited Powell's "steady and decisive leadership” https://financefeeds.com/copyright-news-the-key-updates-primary-and-secondary-markets-as-well-as-key-changes-and-trends-in-the-market/