Quote:
Originally Posted by Stewie
CD rates are rising?
I have a CD coming due on Tuesday. I looked at rates a couple of weeks ago and I was certain my next CD would be less than 5%. Short term rates were higher, but longer rates were lower and lower the longer the term.
I checked today to see what I could get. Low and behold ALL terms of CDs are suddenly above 5%, some much higher. This is confusing because everyone was saying CD rates would fall, fall, fall.
I'm not sure why this is happening, but I'm happy about it.
|
Some new inflation data came in a bit high. Pushed out rate cut expectations for now