There are multiple CD account questions worth asking alongside this week’s Federal Reserve meeting. Getty Images/iStockphoto Just under 99%. Those are the chances that the Federal Reserve will keep interest rates paused when it meets again this week in its first meeting since late April. The chances of a rate
There are multiple CD account questions worth asking alongside this week’s Federal Reserve meeting. Getty Images/iStockphoto Just under 99%. Those are the chances that the Federal Reserve will keep interest rates paused when it meets again this week in its first meeting since late April. The chances of a rate cut, according to the CME Group’s FedWatch tool, are currently just over 1%. In other words, expect more of the same when the central bank meets on June 16 and June 17, even with a new chairman now in charge. And while that may not be the development millions of borrowers hoping for lower rates were hoping for, it will continue to sustain savers who have become accustomed to earning big returns on their money in recent years. One of the more profitable
