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As rates fall, use these strategies to minimize overall borrowing costs and maximize savings returns.
Recent encouraging news may influence Feds.
CDs come in different flavors these days. Pick what tastes best to you.
Take advantage of the Feds’ move and put money back in your pocket. Check out our strategies for making the most of the falling rates.
In a surprise move, the Federal Reserve Board dropped the federal funds rate by half a point and the federal discount rate by a quarter of a point.
Warning of ‘economic weakness,’ the Fed drops its inflation fight and signals it may drop interest rates at its January meeting.
Market watchers expect Federal Reserve Chairman Alan Greenspan will signal that he’s ready to cut rates on Dec. 19, then follow up with actual cuts early next year.
The Federal Reserve Board is poised to start cutting interest rates soon. As a result, consumers should evaluate whether they’re borrowing and saving in the smartest way possible.
Though still concerned about inflation, the Fed continues its wait-and-see approach and keeps rates steady.