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The Federal Reserve’s decision Wednesday to leave interest rates alone for the first time in 11 meetings raises hopes that it may be at least nearing the end of its rate-hiking campaign to cool inflation.
Financial advisers often recommend high-yield savings accounts to build up an emergency fund or save for a major purchase.
Experts are warning customers taking advantage of a surge in higher-yield savings accounts of potential barriers and charges to to accessing their cash in a hurry.
The Fed may pass on raising rates, but consumers are already reeling from the last 10 in a row. They should stay focused on paying down debt.
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