CD Rates Benefit When the Fed Raises Rates, According to These Expert Predictions
“Right now, six-month and one-year Treasury bill rates are nearing 4.50%, which could be a positive sign for CD rates.
However, there’s another factor that could prevent CD rates from increasing much more than they have already.
Many banks have already baked in their predictions for ongoing Fed interest rate hikes through the end of the year, and increased their CD rates accordingly. Therefore, we may only see marginal increases in CD rates through the final months of 2022 — not a drastic shift, says Feldmann.”
Read read more from Conor Feldmann in “CD Rates Benefit When the Fed Raises Rates, According to These Expert Predictions” here.