Where to move your money when interest rates are poised to fall
Bonds are becoming more appealing again, but don't abandon your trusty bank accounts./ With the Fed poised to cut interest rates next week, the ripple effect will show up in certificates of deposit and high-yield savings accounts, which currently offer rates of more than 5%. They aren’t likely to fall dramatically following a rate cut but rather ease back closer to 4% and linger above the inflation rate for at least the next year. So these accounts should still be your go-to for your That said, the Fed’s anticipated action offers an ...
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