Where should Americans keep effective now that Fed is reducing rates? The answer is much simpler than you think
In September, the Federal Reserve Open Market Committee delivered a long -awaited cut at the federal fund rate. The reference interest rate is now in the range of 4%-4.25%. The Board also indicated more feat cuts ahead, and the market now expects the rate to decrease as low as 3.25% -3.50% by 2026, according to…