CD Rates Expected to Hold Steady in Near Term, Then Gradually Decline Through 2024
- CD rates likely won't rise in March but probably won't drop either, according to experts
- Things could change by May Fed meeting, but odds of a rate cut currently low
- If inflation falls further, expect modest CD rate drops starting in summer
- Gradual decline in CD rates expected through 2024 as Fed cuts rates
- Consider locking in long-term CDs now before expected Fed rate cuts
