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CD rates are currently around 4% and have not changed recently. Experts say they might move after the next Federal Reserve meeting, or possibly the one after that. Investors are deciding whether to lock in the current rate or wait for a possible increase.
The Federal Reserve's policymakers released minutes showing they disagree about future inflation. Some officials think inflation will stay high, while others believe it will fall as tensions in Iran ease. At the same time, data showed that US home prices reached their highest level ever. This means buying a house is now more expensive than before.
The Federal Reserve (Fed) officials had different ideas about the future of prices and the economy. They argued about whether interest rates should go up or stay the same. Most members agreed to keep rates steady last month. However, they are not sure if they will raise them soon.