Expect Continued High Interest Rates as Fed Seeks More Progress on Inflation On Wednesday, the Federal Reserve maintained its interest rates, emphasizing the need for “greater confidence” that inflation will consistently approach the 2% target. Despite earlier hopes, inflation in early 2024 has exceeded expectations, leading to predictions that even if the Fed were to cut rates later this year, high interest rates on credit cards and mortgages are likely to persist through the end of 2024. Given the declining APYs on longer-term CDs and some high-yield savings accounts, now is an opportune moment to secure higher savings rates. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts "AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge READ MORE Gold gains hugely in popularity among American Investors – Gallup Survey 2023 READ MORE National Debt Set to Surge as Fed Maintains High Interest Rates READ MORE Fed Chair Balances Inflation Fight with Economic Growth in Congressional Testimony READ MORE Gold Surges to New High Amid Rising Haven Demand READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment