Unveiling the Clues: Will CD Rates Rise Higher after Today's Fed Announcement?

The Federal Reserve has announced that it will maintain interest rates at the current level for the second meeting in a row. The decision was expected, but the Fed has left the door open for a future rate hike if inflation does not come down sufficiently. The best CD rates are already at their highest level in 20 years, but they could still move higher if the Fed implements another rate increase. The Fed's next rate announcement will be made on December 13.