Higher yields for cash could drop once the Federal Reserve is close to cutting interest rates. Here is where to move your money before policy changes.
With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say.
Next week's Fed meeting could signal whether a September rate cut will happen. But banks typically start slashing rates for high-yield savings accounts and certificates of deposits ahead of Fed rate cuts, Tumin said. CD rates will likely fall pretty quickly once it becomes clear that the Fed is on the verge of cutting.It is a great time to "lock in rates" for a 9-month or one-year CD, said certified financial plannerWhen building a bond portfolio, advisors consider duration, which measures a bond's sensitivity to interest rate changes. Expressed in years, the duration formula includes the coupon, time to maturity and yield paid through the term.
Financial Planning Money Market Funds Personal Investing Federal Reserve System Interest Rates Wealth Personal Saving Investment Strategy Breaking News: Investing Personal Finance Ted Jenkin CFP Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Higher scores on social media addiction were related to higher infidelity.What is the key factor in the link between social media use and infidelity?
Read more »
Fed's Dudley now calling for Fed rate cut next week amid recession concernsFed's Dudley now calling for Fed rate cut next week amid recession concerns
Read more »
Number of Cars on Dealer Lots Climbing Higher & Higher Across USAClean Tech News & Views: EVs, Solar Energy, Batteries
Read more »
JPMorgan Chase says its stress test losses should be higher than what the Fed disclosedLast year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed’s results.
Read more »
US Dollar pops higher as markets digest hawkish Fed commentsThe US Dollar (USD) trades stronger on Wednesday for the second day in a row with some help from US Federal Reserve (Fed) officials, who seem to have turned more hawkish.
Read more »
2 Early Winners From Q2 Earnings Season Ready to Ride Fed Cuts HigherStocks Analysis by Investing.com (Damian Nowiszewski) covering: Bank of America Corp, Bank of New York Mellon. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »