The Federal Reserve is one of the main driving forces for rates changes on checking and money market accounts. With the Federal Reserve increasing the benchmark federal funds rate a quarter-point, I anticipate checking and money market account rates to show some movement in the coming weeks. -Randy Rosen

 

The Federal Reserve is one of the main driving forces for rates changes on checking and money market accounts. With the Federal Reserve increasing the benchmark federal funds rate a quarter-point, I anticipate checking and money market account rates to show some movement in the coming weeks.


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This quote is just one of 9 total Randy Rosen quotes in our collection. Randy Rosen is known for saying 'The Federal Reserve is one of the main driving forces for rates changes on checking and money market accounts. With the Federal Reserve increasing the benchmark federal funds rate a quarter-point, I anticipate checking and money market account rates to show some movement in the coming weeks.' as well as some of the following quotes.

While checking and money market rates have not had significant changes recently, if the Federal Reserve makes any more changes to the Federal Funds rate, we should see some movement in checking and money market rates.

Randy Rosen

The Federal Reserve is one of the main driving forces for rates changes on checking and money market accounts. With the Federal Reserve increasing the benchmark federal funds rate a quarter-point, I anticipate checking and money market account rates to show some movement in the coming weeks.

Randy Rosen

The T-bill rates index is the primary driver for the longer term CDs, 12 month and longer.

Randy Rosen

The bond market has an influence on the longer term CDs [greater than 12 months], while the shorter term CDs, along with checking and money market accounts, are influenced more by the Federal Reserve.

Randy Rosen

Rates for long term CDs (terms of 12 months and longer) are typically driven by the activity in the bond market. The bond market has been fairly active over the last couple of months, which is why you are seeing long term CD rates changing.

Randy Rosen