Reported 16 days ago
Following the Federal Reserve's recent rate cut, interest rates across deposit accounts and loans are expected to decrease. To maximize savings, it's advisable to explore high-yield bank accounts, purchase CDs to lock in higher rates, and consider Treasury bills. Additionally, long-term investment strategies may need adjustments as lower rates push for riskier investments to maintain returns. Overall, now is a strategic time for individuals to reassess their financial portfolios in light of these changes.
Source: YAHOO