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

Don't miss out on this chance to maximize your earnings. Maria Forbes/Getty Images As expected, the Federal Reserve paused rates for the third time this year at this week's Federal Open Market Committee meeting. This move has real consequences for your money. The Fed's actions affect everything from mortgage rates to savings account APYs, and knowing how to take advantage of them can help you maximize your earnings -- and minimize your losses. Here's what you can do now to get the biggest benefit from the Fed's rate pause. Read more: Fed Meeting Keeps Interest Rates High. Here's Why That's a Big Deal for Your Finances Make these 4 money moves now Make the most of the Fed's pause by doing these things now. ✅ Open a certificate of deposit Banks tend to follow the Fed's lead when setting CD rates. A rate pause means there's still time to score a high annual percentage yield on a CD. APYs have been falling even with rates paused, so if you're thinking of opening a CD, now is a grea ... Read full article.