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When inflation rears its ugly head, the Fed will be forced to raise interest rates to keep a lid on inflation. Looking for the Best CD Rates? Search our CD Rate tables to find the highest CD rates available today: CD Rate Table The Federal Open Market Committee met this week and decided to keep interest rates low for now. In their official “FOMC Statement” the Fed said “economic activity has continued to pick up” and ”activity in the housing sector has increased over recent months” but “Household spending appears to be expanding but remains constrained by ongoing job losses, sluggish income growth, lower housing wealth, and tight credit.” Average CD Rates at Banks
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