The Wealthfront Cash Account Now Has a 1.27 APY Following a Fed Funds Rate Decrease

8 Mar    Investing News

On Tuesday, March 3 the Federal Open Market Committee (FOMC) lowered the target range for the federal funds rate by 0.50% to 1%–1.25% because of risks posed to the U.S. economy by the coronavirus, COVID-19. As we’ve written in the past, a decrease in the fed funds rate means we need to decrease the interest […]

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