Fed Targets Lower Interest Rates
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federal funds rateCNBC
•How to position yourself to benefit from the Fed's first rate cut in years, according to financial experts
88% Informative
Federal Reserve officials signaled they expect to reduce the benchmark rate once in 2024 and four times in 2025 .
Experts say this is the time to lock in some of the highest returns in decades .
For now, top-yielding online savings accounts are paying more than 5% — well above the rate of inflation.
For those struggling with existing debt, there may be more options for refinancing once rates drop.
Private student loans, for example, tend to have a variable rate tied to the prime, Treasury bill or another rate index.
Those with better credit could already qualify for a lower interest rate.
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