For Fed rate watchers, it’s halftime. Nothing’s happening; we might as well get some popcorn. Another pause in interest rate moves was announced on March 19. The low end of the target federal funds rate has been at 4.25% since before Christmas. Washington and the world are waiting to see what happens next to the…
Money market accounts (MMAs) can be a great place to store your cash if you’re looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for holding long-term…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Federal Reserve held interest rates at a multi-decade high for more than a year. Investors took notice, piling into money market accounts to grab yields that haven’t been available in more than…