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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3 Smart Moves to Make as Fed Raises Interest Rates Again
Description
The Federal Reserve increased interest rates for the tenth time since March 2022, aiming to curb inflation.
Author
Susan Jane
Publisher Name
CBS news
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