Fed's Money Circus: Gold Glitters While CD Rates Melt Away
Key Points
- The Fed's recent rate cuts make locking in CD rates at 4.60%...
Money doesn't grow on trees, but apparently, it does shrink in your bank account! As the Federal Reserve continues its magical act of rate-cutting tricks, investors are scrambling to figure out whether to stick their cash under gold-plated mattresses or into rapidly deflating CDs.
The Great Rate Escape
The Fed's recent triple-rate-cut performance has left CD rates clinging to a modest 4.60% for short-term deposits - a number that's looking shakier than a Wall Street trader's coffee hand on Monday morning. Market watchers suggest locking in these rates faster than you can say "economic dow...
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