Inflation Rises in February, Fed Rate Cut Unlikely; Savers Advised to Open High-Yield CDs
- Inflation rose to 3.2% in February, disappointing hopes for a reduction
- Higher inflation means the Fed is unlikely to cut interest rates at their next meeting
- CD and savings account rates remain high due to elevated interest rates
- Savers should open CDs now to take advantage of high rates
- CD rates exceed inflation, allowing savers to beat it and build savings
