Where Are CD Rates Headed This Year?
The CD rate heyday could be nearing an end. Here's why.
Rates on certificates of deposit generally mirror the trend of the federal funds rate, and the quarter-point increase by the Federal Reserve on May 3 nudged CD rates slightly higher last week. Though deposit rates surged in 2022 as a result of the Fed's aggressive federal funds rate…
This story from investopedia.com was posted on 2023-05-17 by @firefly.