Margarette Burnette writes for NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. The article Calling All Savers: How to React to the Fed Rate Cut originally appeared on NerdWallet.
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Margarette Burnette, NerdWallet.com
Wed, 09/18/2024 - 11:01am
Topics: personal finance
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BING NEWS:
- Jumbo-sized rate cut: Fed slashes rates by a half percentage point
In a significant shift for the US economy, the Federal Reserve is expected Wednesday to announce its first interest rate cut since Covid.
09/18/2024 - 8:44 am | View Link - The Fed Just Cut Rates. What Should Savers Do About CDs and High-Yield Accounts?
Here's what to know about CDs and high-yield savings accounts following the Fed's first interest-rate cut in four years.
09/18/2024 - 8:42 am | View Link - How the Fed's September Rate Cut Will Affect Your Money
Ahead of the announcement, it was unclear if the Fed would cut rates by 25 or 50 basis points, but officials ultimately chose the bolder path. It’s likely an indication of some concern about weaker ...
09/18/2024 - 7:59 am | View Link - Calling All Savers: How to React to the Fed Rate Cut
The savings accounts with the highest annual percentage yields currently earn more than 5%. After the Fed announcement, however, we expect to see a dip. That’s because when the Fed lowers rates, banks ...
09/18/2024 - 7:01 am | View Link - What the Fed’s Rate Cut Means for You
The Federal Reserve just reduced interest rates for the first time in four years. Here’s how it will impact borrowers and savers ...
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