Trump and Powell meet in White House
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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 Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.
Federal Reserve officials are 98% likely to leave the target range for the federal funds rate unchanged at their next policy meeting in June.
So far this year, the Fed has sat in neutral on interest rates. But when will that change, and how will it impact what you can earn on your savings in the bank?
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.