port of harlem magazine
 
mike jones state farm
 
6 Ways to Earn More on Your Cash
 
Nov 28 – Dec 11, 2024
 
Money

dalasi



Key takeaways Whether you are looking for a place to stash cash for short-term needs or waiting for the right opportunity to invest it for the long term, you have more opportunities right now to capture relatively high yields than you've had in decades. That's because the Federal Reserve’s policy of keeping interest rates high to fight inflation has pushed up yields on many popular ways to hold cash.

But while the Fed has kept rates “higher for longer” than many predicted, the central bank’s leaders have said they expect to start cutting rates later this year. That makes this an excellent time to make sure your cash is earning as much as it can and to lock in today’s high yields while they’re still available. Once the Fed announces a decision to lower its key interest rate, known as the fed funds rate, yields on cash products are likely to begin declining shortly after. Some are likely to decline sooner after a rate cut than others and that may be another thing to consider as you look at your options for where to put your cash.

Read More

 
 
Return to this issue's Main Page
 
 
sign up

follow us on
facebook instagram twitter youtube
Advertisers | Contact Us | Events | Links | Media Kit | Our Company | Payments Pier
 
Press Room | Print Cover Stories Archives | Electronic Issues and Talk Radio Archives | Writer's Guidelines