What will the Fed rate cut do to CD rates?
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My interest income is pathetic as it is. If there's a direct correlation then my interest income is going to fall by 10% so that some Wall Street brokers can keep partying a little longer. Inflation is much higher than the Fed says. They are monkeying with the inflation rate.
What will the Fed rate cut do to CD rates?I'm glad you're asking this question. At least you're aware that the feds are responsible for inflation.
Your CD rates will very likely go down. If you want to protect your dollars, you should consider buying gold or silver. Gold usually goes up when interest rates go down. Silver follows Gold's trend.
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What will the Fed rate cut do to CD rates?Existing CD's are locked in. New ones may be lower. And if the Dems get in , watch out, they think your money belongs to someone else.
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What will the Fed rate cut do to CD rates?The fed rate cut will not change the rate of CDs already issued.
The rate change will effect different CDs of different durations differently. It will have the most profound affect on short term CDs, while the rates of long term CDs will decrease to a lower extent.
What will the Fed rate cut do to CD rates?There won't be that big of inflation.
i mean yes a little... that comes and goes through the economic cycles of any country... but it's not like a CD will cost 100 million rubles like in the 30s and money was WORTHLESS.
nope not near that bad.
i would be surprised if it even effected the cost of CDs.
if anything i would think they would cut back in production?
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