Anybody else remember there being 5 year CDs at 5+% years ago? I could have sworn I saw those advertised back in the late 90's - early 00's. I didn't get one because stocks were all the rage.

Nowadays, banks won't offer 5% for more than 18 months or so. It seems like they're expecting interest rates to come back down in the next couple of years.

[–] runawaycorvid 4 points 1 year ago (1 children)

Yeah I’ve seen projections for 100-200 basis point rate cuts in the next 12 months. I don’t know if I would expect more than 75 or so but anyway. Rates should go down.

[–] [email protected] 3 points 1 year ago (1 children)

I'm thinking something along those lines. It could be another 5-6 months before inflation cools down to where the Fed is happy.

[–] runawaycorvid 4 points 1 year ago

Agreed. I think they’re going to hold longer than people expect. No point in burning all your ammo to fight a real recession. But I’m just a layperson.

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