Tag Archives: Rate

CD Term  Last Week’s Top National Rate This Week’s Top National Rate  Change 3 months 4.05% APY 4.05% APY No change 6 months  5.00% APY 5.00% APY No change 1 year  4.86% APY  4.90% APY  + 0.04% 18 months 5.02% APY 5.12% APY + 0.10% 2 years  4.86% APY 4.86% …

WASHINGTON — Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed warns is coming next: Higher rates through …

On Dec. 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the U.S. dollar and treasury yields. On Dec. 14., Powell increased interest rates by 50bps to a new federal funds rate target of 4.25%-4.5%. Encouraging CPI Headline inflation …

As 2022 draws to a close the year will be best remembered for the cost of living crisis that engulfed the United States, especially during the summer months. Following two years of COVID-enforced lockdowns, the United States witnessed a supply chain shortage that saw the price of everyday grocery price …

Top officials at the US central bank sought to stamp out speculation the Federal Reserve will balk at the task of squeezing the economy much more forcefully, warning against excessive ebullience about the inflation outlook despite signs it has peaked. Speaking just days after the central bank slowed down the …