Lyons Wealth, CEO, Sander Read Quoted by Wall Street Journal
Fed officials have hinted they are likely to raise interest rates by 0.25% on Wednesday, the latest in a 15-month-long series of hikes that has rewarded savers with the highest yields in many years. At the same time, the central bank is expected to pivot to rate cuts soon, perhaps even later this year.
That means opportunities could soon become harder for savers to find. “I don’t think rates are going to stay this high,” says Sander Read, an investment advisor in Winter Park, Fla. “I wouldn’t wait to lock them in.”