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 Strong U.S. December Job Growth Questions Potential March Fed Rate Cut READ MORE Federal Reserve Reveals Over 1,800 Banks Accessed Emergency Funds Post-SVB Collapse READ MORE ZeroHedge: Questions About Gold The CFTC And Fed Won’t Answer READ MORE Global Air Travel in Turmoil as CrowdStrike Outage Continues READ MORE Citadel Strikes Gold in Commodities: Over $4 Billion Earned in 2023 READ MORE Add a Comment Cancel replyYour email address will not be published.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