March 15, 2025

Money markets

Finance

How to manage retirement savings with interest rates remaining elevated

Savers, time for your happy dance. Interest rates will stay higher for longer in 2024. The Federal Reserve held interest rates at a 23-year high this week while curtailing its estimate of rate cuts this year from three to one. Elevated rates are certainly sweet news for short-term savers, “with the top yields on savings

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