according to the St. Louis Fed’s 3-month historical CD rates chart. While rates were high in the 1980s, they steadily fell thereafter, reaching close to zero in the years after the 2008 recession.

With the Fed refraining from cutting in its January and March 2025 meetings, that’s where rates stand today. Even with recent cuts, interest rates are still high relative to recent history.

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play ...