ilmscore | Prediction Details
"you can also potentially consider locking in a CD a certificate of deposit at a bank before the Federal Reserve Bank starts cutting interest rates because that's a way for you to lock in a potential interest rate return so if you see a bank offering a 5.25 or 5.5% CD you can lock that in for 12 months or 18 months or 24 months and get that guaranteed interest even if the Federal Reserve Bank starts cutting interest rates"
By Minority Mindset | September 14, 2024 | Pending
From video
Do THIS When You Save $10,000 00:01:52 - 00:02:17
Interpreted Prediction
It's advisable to lock in Certificates of Deposit (CDs) with rates around 5.25% to 5.5% for terms of 12-24 months before the Federal Reserve begins cutting interest rates, to secure guaranteed returns.

Prediction Details

Topic
CD Rates

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