Fed’s rate hike may be the last for now — what does that mean for savings?


The Federal Reserve’s interest-rate increases have been propping open a window for people to get tempting yields in turbulent times from savings accounts, certificates of deposit and other low-risk cash investments.

Now the Fed increased its benchmark rate again Wednesday. The 25-basis point increase is the central bank’s tenth straight rate hike since March 2022. The increase, which brings the rate to a range of 5%-5.25%, could also be the final increase too, some Fed watchers say.


This article was originally published by Marketwatch.com. Read the original article here.

Previous article: PacWest stock plummets more than 50% after report of potential sale, other bank stocks join in decline
Next articleDow Jones Newswires: China’s Caixin manufacturing PMI slips into contraction for April


Please enter your comment!
Please enter your name here