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.

Traders of futures that settle to the Federal Reserve's policy rate continued to bet on Friday that the U.S. central bank will cut its target for short-term borrowing costs in September, after inflation by the Fed's targeted measure cooled to 2.

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.