What the Fed's Pause on Rate Cuts Means for Savings Account, CD Rates
Now's the time to take advantage of APYs as high as 5%. Skyhobo/Getty Images Federal Reserve policymakers voted to hold interest rates steady today, pausing rates for the fourth time this year. In its postmeeting statement, the Fed summarized its findings by noting slightly elevated inflation and a low unemployment rate, though the economic outlook remains uncertain. The latest decision means that households, which have been facing budget strains and increased living expenses, will continue to