The Money Section | CD rates may fall back down soon

͏Also, why Bitcoin is set to surge in 2024 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ [Fort Worth Star-Telegram]( January 10, 2024 • Issue #67 [The Money Section] This week, we’re looking at why CD rates will likely fall back to their normal APYs soon, how U.S. consumer credit reached an all-time high in November, and why Bitcoin is set to surge in 2024. CD rates may fall back down soon. [Rates]( Olive Burd / Money; Getty Images As the Federal Reserve’s fight against inflation eases, CD rates will also likely be impacted. Despite APYs recently hitting 6-7%, analysts expect the Fed to freeze rates and possibly cut them later in the year, leading to a decline in rates for deposit accounts. [Read more.]( 👍 Small business owners are more optimistic. In December, U.S. small-business optimism reached a five-month high, with the National Federation of Independent Business index rising to 91.9. Although small businesses remain generally pessimistic about the economy, their views are stabilizing, reflecting less pessimism about [sales, earnings trends, and economic expectations.]( 🏠 Homebuyers are also perking up. A drop in mortgage rates in December has led to increased optimism in the housing market, with consumers expecting further reductions. For the first time since 2010, homeowners believe that rates will decrease rather than increase, according to [Fannie Mae’s monthly consumer survey.]( This year’s most important tax deadlines. [Deadlines]( Shutterstock Tax Day may feel eons away, but it tends to sneak up on most of us. Because there are several important dates Americans should be aware of in 2024, it’s essential to stay updated. [Here’s what you need to know.]( 📈 U.S. consumer credit reaches an all-time high. In November, total consumer credit in the U.S. increased by $23.7 billion, marking the largest gain since November 2022 and pushing total consumer credit above $5 trillion for the first time. [See what’s behind the surge.]( 🌎 The global economy isn’t looking so hot. The World Bank’s annual Global Economic Prospects report indicates that the global economy is expected to slow for the third consecutive year in 2024, heading for its weakest half-decade since the early 1990s. [Here’s why.]( A bumpy return to monthly student loan payments. [Bumpy]( Money; Getty Images Returning to monthly student loan payments in the U.S. has been problematic for over 750,000 borrowers who faced late billing, incorrect bills, and delays in repayment plan sign-ups. [Here’s what the Department of Education is doing to remedy the situation.]( 🚀 Bitcoin is set to surge in 2024. Between FTX CEO Sam Bankman-Fried’s fraud conviction and Binance settling a $4 billion money-laundering case… last year wasn’t kind to crypto. However, Bitcoin eventually rebounded, ending the year over $40,000 after starting from $16,000. [Here’s why 2024 is looking even better for BTC.]( ⛽ Oil prices are increasing… again. The closure of Libya’s Sharara oilfield and ongoing tensions in the Middle East, coupled with concerns about potential disruptions to oil supplies, contributed to its more than 2% rise on Tuesday. [Read more.]( Smart Money Move Boost your finances with these smart saving options [Saving] [Saving] Unleash the potential for greater returns with solid options that could make your money thrive. Discover smart saving options for maximum earnings, including Gold IRAs, cashback accounts, and accounts with impressive APYs. The more you save, the more you gain — it’s that simple. Get started today and say goodbye to stagnant savings; simply click below. [Check out our curated list of smart saving options to supercharge your savings now.]( The information provided in this email is not intended as financial or investment advice. Stories we're reading this week - [Tesla's US Market Share Now Tops Volkswagen, Subaru, and BMW]( - [Bitcoin Spot ETF Approval Could Get ‘Millions More Investors’ Into Crypto]( - [Spanish Healthcare Group Grifols Plunges 40% After Fraud Allegation]( - [Does Medicare Cover Home Health Care?]( - [The US Cities Where Jobs Are Growing Fastest]( - [The New FAFSA Is Finally Open — Here Are 6 Big Changes Affecting Financial Aid]( - [Most States Have Tax Codes That Are Rigged To Benefit The Wealthy: Report]( The Money Section is written in partnership with Money Research Collective This email was sent to {EMAIL} because you are signed up to receive marketing emails or newsletters from the Fort Worth Star-Telegram. If you no longer wish to receive emails of this type, you may [unsubscribe]( or [update your email preferences](. We are unable to monitor replies to this email. Please [contact customer service]( if you have any questions or concerns. [Privacy Policy]( | [Terms of Service]( | [View in Browser]( Copyright © 2024 Fort Worth Star-Telegram. All Rights Reserved. 2300 W 7th Street Ste. 108, #230, Fort Worth, TX 76107