Fed's Rate Cut Impact on Savings: What's Next?
Update: 2025-12-11
Description
The Federal Reserve has cut interest rates for the third time this year, reducing the federal funds rate by three-quarters of a percentage point. This move will likely result in lower deposit rates for savings accounts and certificates of deposit in the coming weeks. The Feds projections for 2026 show a divided outlook among policymakers, with some anticipating rate cuts and others expecting increases. Despite this uncertainty, high-yield savings accounts and top-tier certificates of deposit still offer strong returns, making it a good time to lock in competitive rates.
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