The Fed Cut Rates. Will Saving Account and CD Rates Plummet? [CNET News]
Flushing Financial Corporation (FFIC)
Last flushing financial corporation earnings: 4/28 05:30 pm
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Source: CNET News
The Federal Reserve cut rates for the first time since March 2020 at its September meeting. Savings rates decreased leading up to the Fed meeting and you may see slight dips in the coming weeks. You can still earn north of 5% APY with today's best savings accounts and CDs. Experts expect more rate cuts later this year, so locking in a high-yield CD is one way to maximize your earnings. As widely anticipated, the Federal Reserve ended its September meeting announcing a cut to its benchmark federal funds rate, which likely signals the end of an era for savers who've been earning more thanks to higher interest rates. The central bank cut its target rate by 25 basis points to 5.0% to 5.25%. While a quarter of a percent won't likely make a huge difference, the move is a good sign the Fed feels confident that the once red-hot economy can now handle a rate cut and potentially more. “The Fed has done a good job in lowering inflation and the economy feels like it's on solid footin
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FFIC
Earnings
- 10/24/24 - Beat
FFIC
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form S-3
- 11/15/24 - Form 4
- FFIC's page on the SEC website