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Are CDs a Good Investment in 2023?

Rising interest rates have given a lift to CD rates, making these higher-yielding savings accounts appealing to investors. At its last policy meeting in July, the Federal Reserve raised the target for the federal funds rate, a key overnight bank lending rate, to a range of 5.25% to 5.50%. It was the 11th rate hike since March 2022 as part of the central bank's campaign to reduce inflation to 2%. While this makes borrowing money more expensive, it also increases the annual percentage yield (...
United States Federal Reserve Quorum Federal Credit Union Bank United States Department Of Commerce Federal Credit Union Lafayette Federal Credit Union
Source: yahoo.com

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