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Kiplinger
Kiplinger
Business
Sean Jackson

High-Yield Saving Options Before Rate Cuts Hit

US Federal Reserve Inflation Bankrate Kiplinger
Social Security Basics: 12 Things You Must Know to Maximize Your Benefits.

The Federal Reserve hasn't cut interest rates this year, giving savers ample time to capitalize on higher rates of return. However, this will soon change.

The Fed meets next week, with CME FedWatch projecting a 95% probability the Fed will cut rates by 25 basis points. Why? They're concerned that the lack of job growth outweighs the rising costs from inflation.

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