Reported 7 months ago
The Federal Reserve maintained interest rates at a 23-year high and revised its rate cut estimate from three to one. Yahoo Finance's Kerry Hannon discusses the impact of the Fed's decision on savings, highlighting the benefits for short-term savers with higher yields in accounts like CDs and money markets. Savers are advised to take advantage of the high rates while also maintaining a diversified portfolio with equities for long-term growth.
Source: YAHOO