How will the Fed's interest rate decision impact your savings?

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Kerry Hannon News

Federal Reserve,Interest Rates

The Federal Reserve held interest rates at a 23-year high while reducing its rate cut estimate from three to one. Yahoo Finance's Kerry Hannon joins Wealth! ...

The Federal Reserve held interest rates at a 23-year high while reducing its rate cut estimate from three to one.The Federal Reserve or Julie was there, the Federal Reserve holding interest rates at a 23 year high this week while reducing its estimates of rate cuts this year from 3 to 1, these higher rates are good for short term savers due to higher yields and savings accounts like C DS here with more.

So if you got that kind of longevity for retirees too, I mean, come on, you've got to be thinking of the oomph you can get from the equities and we know that that's an important engine to keep our money growing for us over the long term.Since its inception annually.One sort of um it's like it's a standard thing that people often say it used to be, take 100 and 10 minus your age and that's how much should be in equities today.

Claiming the CPP at 60 has financial consequences but could be advantageous and more beneficial to some prospective retirees. The post Claim CPP at 60? Here’s Why it Could Pay Off Big appeared first on The Motley Fool Canada.With the combination of reliability and impressive long-term growth potential, this 5.7% dividend stock is one of the best on the TSX. The post Why I Keep Buying Shares of This 5.7%-Yielding Dividend Stock appeared first on The Motley Fool Canada.

 

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