Should your bank cut rates just because the Fed did? It’s not an easy decision. Novantas explores rate trends and strategies in the latest Perspective.
With all eyes on the Fed, banks can take steps now to maintain profitability without sacrificing much-needed digital investment.
The flattening yield curve is expected to continue pressuring industry profitability in coming months, even though the Fed has hit the brakes on interest-rate hikes.
If you’re considering a CD, now could be the right time to act.
U.S. banks were cautious about their ability to control deposit costs when interest rates were rising, often expressing surprise that prices were not more sensitive to increases in benchmarks.