Wow! The market is not doing so hot in general. Stocks are down. Real Estate is still dumping, and the economy is not the best. We all know that yesterday the Federal Reserve lowered rates by 3/4 of a point. As I have seen in the past that after rates drop, my savings accounts rates usually go down and I hate that. So yesterday when I saw rates got lowered again, I moved some of my savings to a CD. It was a good move because today I saw they lowered my savings almost 3/4 of a point. It might be a good idea to move some money over to CD’s especially if rates get lowered again in the near future.
Where should people be putting their money?