Economic Trends May Lead to More Fed Rate Hikes, Potentially Raising Returns for CD Investors
• Inflation trends could lead the Fed to raise rates again, impacting CD rates
• More home sales and lending could put pressure on the Fed to raise rates, affecting CDs
• World events leading to higher inflation may trigger Fed rate hikes, boosting CD rates
• While rate cuts are expected in 2024, economic factors could change that trajectory
• Consider CD laddering strategies to lock rates while maintaining access to your money