Fed Rate Cut Predicted: Lock in CD Rates Now

Financial markets now predict a December interest rate cut by the Federal Reserve, potentially lowering yields on savings and CD accounts. The odds for a rate cut surged after a key Fed policymaker hinted at a December cut, despite conflicting signals from the job market and inflation. If a cut occurs, consider locking in higher CD rates now to secure better yields.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.