The Fed's nod to the end of its rate hiking cycle could mean 'last call' for savers
People looking for a return from squirreling away money should act quickly as rates on at least one product are likely to drift lower, Bankrate said Wednesday after the Federal Reserve raised its key borrowing rate to its highest in nearly 20 years.
"This could be 'last call' for savers. CD yields on maturities of one year and longer have peaked and now is the time to lock in," Greg McBride, chief financial analyst at Bankrate, said in a note. He added:"A slowing economy coupled with the Fed moving to the sidelines mean CD yields will start pulling back soon."
offer a fixed interest rate, and they usually have higher returns over savings accounts as money is committed to being locked in for a period of time.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fed playbook: Which stocks to buy or sell depending on what the Fed doesCNBC Pro screened for names screened that are the most sensitive to interest rates by looking at the 100-day correlation between each S&P 500 stock and SHY ETF.
Weiterlesen »
Fed's Powell: don't assume Fed can shield U.S. economy from debt limit defaultThe U.S. Federal Reserve is unlikely to be able to protect the U.S. economy from the damage caused by a failure to raise the federal debt ceiling, Fed Chair Jerome Powell said on Wednesday, adding that the government should never be in a position where it is unable to pay all of its bills.
Weiterlesen »
‘These high yields are not going to last forever’: Fed’s rate hike may be the last for now — time to say goodbye to 5% on CDs and savings?The Fed's expected 10th straight rate increase could be the final one for the time being. Here's what that means for savers.
Weiterlesen »
One sentence missing from Fed statement puts focus on future interest rateFed Chair Jerome Powell said the 'meaningful change' shows that the Fed is no longer anticipating future hikes, but he stopped short of pausing increases.
Weiterlesen »
Here’s How The Fed’s Rate Hikes Have Changed The EconomyHigher mortgage rates, a slowdown in inflation and three of the four largest bank failures in American history accompanied the Fed's most aggressive interest rate hikes in more than four decades.
Weiterlesen »
Why stock-market bulls might not celebrate if Fed 'pauses' rate hikesThe stock market might not have that much to gain if the Federal Reserve follows through on expectations it will signal a pause in interest rate hikes.
Weiterlesen »