Overview

• Recent inflation data shows a rise to 3.5% in March, casting doubt on anticipated Fed rate cuts.
• Certificates of Deposit (CDs) continue to offer high yields, with rates up to 5.65% for short terms, providing a hedge against inflation.
• Digital and online banks lead with the highest APYs, promoting savings growth with federally insured accounts.
• Economists express skepticism about the likelihood of Fed rate cuts this year, impacting future interest rates.
• Financial experts recommend CDs for stable, high returns, especially in a volatile market.