The Fed hasn't adjusted interest rates this year, and isn't expected to make a move for months. Yet today's highest CD rate is better than you could score last week.

The president met with Federal Reserve Chair Jerome H. Powell for the first time this term, after publicly pressuring him last month to slash interest rates.

Federal Reserve Bank of St. Louis President Alberto Musalem said officials are focused on keeping long-run inflation expectations stable as businesses and consumers anticipate prices to rise in the near term.