The September Federal Reserve meeting is right around the corner. On September 16-17, members of the Federal Open Market Committee will determine if the dwindling job reports will be enough incentive to cut rates for the first time this year.
The CME FedWatch is 92% certain that a rate cut of 25 basis points will happen this month. When the Fed does cut rates, it will impact savers. If you have money in a high-yield savings account, you'll likely see a slight reduction in APY, as this can occur days to months after the Fed's announcement, depending on your financial institution.
