The Federal Reserve hasn't changed its overnight lending rate since last December and continues to be good news for savers looking for low-risk, inflation-beating returns on their money.
Mandatory Credit: Worawee Meepian/iStockphoto/Getty Images via CNN Newsource
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How to benefit from the Fed’s latest decision
Still no movement. For its fourth meeting in a row, the Federal Reserve opted to leave unchanged its key short-term interest rate — which influences a host of rates on consumer financial products and bank accounts across the United States.
