Fed Set to Raise Rates Soon

[katsiki]

Fed fund futures predict a near 100% chance that the fed will raise rates at the next Fed meeting on March 16th. 
https://www.barchart.com/futures/quotes/...res-prices

Last I checked, there is around a 66% of a 50 basis point increase and near a 100% chance of a 25 basis point increase.

This will affect mortgage rates and CD rates that banks payout.

By June, rates are expected to jump up 100 basis points.

Some investors are calling on the fed to raise rates high enough to force the economy into a recession, pushing down inflation.

Does anyone have cash in the bank earning near 0% now?

Alliant credit union has decent rates on savings and checking (comparatively speaking, of course).

https://www.alliantcreditunion.org/rates

0.55% for savings
0.25% for checking

You can find better if you jump through hoops with Kasasa checking, etc.