Thread: Money Investing megathread extravaganza
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Old 02-18-2024, 06:25 PM   #13590
Stewie Stewie is offline
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Quote:
Originally Posted by ChiliConCarnage View Post
Some new inflation data came in a bit high. Pushed out rate cut expectations for now

I get that for the short term, but why are 5 year CDs suddenly above 5%? If the consensus is that inflation will drift to 3% or lower, why are long term CDs paying much higher than that?
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