Kiplinger

Interest Rate Reversal Pinches Retirement Savers

If you've shopped for recent yields on your cash lately, you may be feeling a bit of whiplash.

After climbing slowly but steadily for several years, yields on certificates of deposit have headed south in recent months as the market bets that the Federal Reserve will soon cut rates. As of mid July, traders put the odds of a late-July Fed cut at 100%, according to CME Group's

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