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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (330182)	4/8/2025 12:58:59 AM
From: i-node	1 Recommendation Recommended By longz Read Replies (1) \| Respond to of 365120

Well, you have to happy about that. Check out the rise in interest rates. Why do you think that might have been? (Rates doubled under Biden. Why's that???) 2016: Around 0.75–1.2%. Gradual Fed hikes pushed CD rates modestly higher. 2017: Around 1.2–1.5%. Rates rose as the Fed continued normalizing policy with multiple hikes. 2018: Around 2–2.5%. Stronger economic growth and Fed hikes (up to 2.25–2.5% federal funds rate) lifted CD yields. 2019: Around 2–2.3%. Rates peaked early but declined late in the year as the Fed cut rates amid trade tensions and slowing growth. 2020: Around 0.5–1%. The COVID-19 pandemic triggered emergency rate cuts to near zero, crashing CD rates. 2021: Around 0.3–0.5%. Rates stayed near rock bottom as the Fed supported pandemic recovery. 2022: Around 2–4%. Rapid Fed rate hikes (from 0.25% to 4.25–4.5% by year-end) to fight inflation pushed CD rates up significantly. 2023: Around 4.5–5.5%. Aggressive Fed tightening continued (peaking at 5.25–5.5%), bringing CD rates to their highest in over a decade. 2024: Around 4–5%. Rates remained elevated early in the year but began softening late in 2024 as the Fed signaled potential cuts, with 1-year CD averages closer to 4% by year-end.