The Federal Reserve increased interest rates for the tenth time since March 2022, aiming to curb inflation. The new range is now between 5% and 5.25%. Although not good news for prospective homebuyers or refinancers, there are still ways to benefit from higher rates. One option is to put money into a high-yield savings account. Explore high-yield savings options to maximize your savings potential now. The Committee will monitor incoming information closely and assess the implications for monetary policy.
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