Reported 3 months ago
As the Federal Open Market Committee (FOMC) prepares for upcoming meetings, experts speculate on potential interest rate cuts amid current inflation trends. Analysts suggest that while a July rate cut appears unlikely, the Fed may consider cuts in the latter half of the year, depending on inflation data. Financial institutions often adjust their rates in response to the Fed’s actions, affecting various banking products. Consumers are advised to evaluate their savings accounts, consider high CD rates, and postpone major purchases to benefit from any potential rate changes.
Source: YAHOO