Will Sequestration Force CD Rates Lower?

President Obama has started sending out notices to all government departments about cuts needed to be made due to the sequester. Most economists believe the federal cuts will subtract about 0.5 percent from GDP growth from the already lackluster 2.00 percent growth in 2013. The verdict is still out on whether or not sequestration will force CD rates lower but even if it doesn't, don't expect rates to move higher this year.