4 Money Moves You Should Make ASAP Now That the Fed Has Paused Rates

If you're like many people, chances are you pay more attention to the price of eggs than to what the Federal Reserve is up to lately. But the Fed's actions have real consequences for your money. When the Fed issues a decision on interest rates, it affects everything from how much it costs to borrow money to how fast your savings grow. The Fed paused interest rates for a second time this year at today's Federal Open Market Committee meeting. Here's what that means for your money -- and what you can do reap the biggest benefit. Make these 4 money moves ASAP Make the most of the Fed's rate pause by doing these things now. ✅ Open a certificate of deposit A rate pause means there's still time to score a high annual percentage yield, or APY, on a CD. Banks tend to follow the Fed's lead when setting CD rates, so we're likely to see APYs hold steady for the time being. "Investors still have an opportunity to lock in very attractive interest and CD rates, which are paying far more than in ... Read full article.