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Stock impact report

Best Savings Rates Today -- Don't Wait Until the Fed Makes Its Next Move to Earn High Rates, April 30, 2024 [CNET News]

Discover Financial Services (DFS) 
Last discover financial services earnings: 4/22 05:35 pm Check Earnings Report
US:NYSE Investor Relations: investorrelations.discover.com
Company Research Source: CNET News
Savers have been able to enjoy the benefits of high savings rates since the Federal Reserve started pushing the federal funds rate to fight record-high inflation in March 2022. But all eyes are on the Fed as it prepares for this week's Federal Open Market Committee meeting. “When the Fed changes the rates, it impacts everything,” said Lanesha Mohip, a corporate accountant, founder of the Polished CEO and CNET expert review board member. That includes borrowing and savings rates. While taking out a loan or paying back debt may be more expensive, the high rates can also put extra money in your savings. Experts expect the Fed to hold rates steady this week, but another unexpected jump in inflation last month could mean that interest hikes are more likely than cuts later in the year. But whatever the Fed decides, switching to a high-yield savings account today can maximize your interest earnings with rates over 5% annual percentage yield, or APY. Here's the 411 on where savings rat Show less Read more
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