Make These 4 Crucial Money Moves Before Wednesday's Fed Decision

Actions by the central bank can have real effects on your finances. Make the most of its next rate decision by doing these things now. Maria Forbes/Getty Images With so much in the economic news these days, the Federal Reserve's actions may not be at the top of your watch list. But they have serious effects on your finances, and with the next central bank meeting on May 6 and 7, now is the time to take some key steps to get the biggest benefit from its upcoming decision on interest rates. Where the Fed decides to set interest rates affects everything from savings account yields to mortgage rates. Experts believe the Fed will pause interest rates for the third time this year at this week's Federal Open Market Committee meeting. Here is what that means for your money and what you should do today to take full advantage. Read more: The Fed Is Not About to Cut Interest Rates: What That Means for Your Finances Make these 4 money moves now You can make the most of a pause on interest rat ... Read full article.