The Fed Cut Rates. Will Saving Account and CD Rates Plummet?
The Fed meets eight times a year to assess the health of the US economy and vote on the federal funds rate, the rate banks use to lend and borrow money. While the Fed’s decision to change rates doesn’t directly affect savings rates, changes in APYs typically follow. The changes can take several weeks or even months to take effect.
It's been a good year to have money in a savings account or a CD. The Federal Reserve's benchmark interest rate has been at recent peak levels of 5.25%-5.50% since August of last year, which means ...
With the inflation rate receding, the Fed must now focus on its other big job, which is making sure that the labor market remains in balance. In his speech at Jackson Hole last month, Fed Chair ...
Now, as Fed Chairman Jerome Powell signaled following ... investors may wonder how they should be investing their money today and if they should be making changes to their portfolios.
The end result is a Chinese currency that could well march higher ... The case for yuan gains looks even stronger now after Fed chair Jerome Powell said at the Jackson Hole symposium on Aug ...
The Federal Reserve finally cut interest rates, but it could take time to see the relief reflected in your credit cards, car ...
With Federal Reserve Chair Jerome Powell saying 'the time ... in high-interest accounts might not earn as much as they do now. "It's all about optimizing," said Bankrate senior economic analyst ...
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