✉news BusinessBanking first seen 18 h ago, last 18 h ago, peak #28
Rising inflation could push Fed toward another rate hike
Original: Rising inflation could solidify a Fed rate hike this year. Should CD buyers wait? Advisers say no
MarketWatch reports that stubbornly high inflation could lead the Federal Reserve to raise interest rates again this year. Some savers are wondering whether to hold off on buying certificates of deposit in anticipation of better yields, but financial advisers say waiting is not worth it, arguing current CD rates are already strong and future moves are uncertain.
Why now: Savers are weighing whether to lock in CD rates now or wait for potentially higher Fed rates.
Evidence
- Rising inflation could solidify a Fed rate hike this year. Should CD buyers wait? Advisers say no · MarketWatch
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