A Stronger Economy Will Lead to Higher CD Rates Before the End of 2015

The Federal Reserve plans to keep the feds funds rate near zero percent until the unemployment rate falls below 6.5 percent, which the fed believes will happen at the end of 2015. An extremely low fed funds rate will keep CD rates and all interest rates very low. We just moved closer to the possibility of the unemployment rate falling below 6.5 percent before the end of 2015.