bank rates

CD Rates

CD Rates are highly expected that Federal Reserve officials will make no change in their 5.25% target for the overnight lending rate when they meet next week. Officials are satisfied with the slowly declining core inflation, which is likely to continue doing so.

The two-day Federal Open Market Committee (FOMC) session is ending on October 25. This session will be the third in a row at which the best CD rates have remained unchanged following 17 consecutive increases.

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