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CD rates in the news. CD rates strongly track with the key interest rate set by the Federal Reserve, the U.S.'s central bank. ... to 5.00% — the first cut since the Fed began raising rates in ...
Here's how national deposit rates on a $10,000 minimum deposit compare between April and March 2024, as reported by the FDIC, showing an increase in the rate on terms of six months as well as ...
At the conclusion of its first rate-setting policy meeting of the year, on January 29, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate at 4.25% to 4.50% ...
Signs of cooling inflation paved the way for September’s first rate cut in four years, with economic data indicating a continued decline from a peak of 9.1% in June 2022 to rates that have ...
The very rich CD yields in 2022 and 2023 were driven by a two-year-long series of Fed rate hikes. From March 2022 to July 2023, the FOMC raised the federal funds rate 11 times, taking it from zero ...
Signs of cooling inflation paved the way for September’s first rate cut, with economic data indicating a continued decline from a peak of 9.1% in June 2022 to rates that have ranged from 2.5% ...
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