CD rates move in tandem with the federal funds rate, the benchmark interest rate set by the Federal Reserve. Yields on CDs rose above 10% in the early 1980s when the Fed set interest rates well ...

That’s where rates stood until the fall of 2024 when the Fed cut borrowing costs by a full percentage point over the course of four months. While still elevated compared to recent history ...

President Trump's criticism of Fed's Powell was just the latest in a flurry of attacks on the Fed chief going over interest ...