Interest rates are high. These are the best places to park your cash

Interest rates are high. Here's how you can take advantage of them

When it comes to rising interest rates, there tends to be a lot of gloom-and-doom discourse about the danger that more expensive borrowing costs pose to the U.S. economy. That's because when the Federal Reserve hikes interest rates, it creates higher rates on consumer and business loans, which slows the economy by forcing employers to cut back on spending. For most borrowers, the high interbank lending rate – which affects borrowing costs, inclu…

(New York=Yonhap News) Correspondent Lee Ji-heon = One day after the US Federal Reserve (Fed) kept interest rates unchanged at 5.25 to 5.50%, 21 days ago (local time), the US...

Interest rates are high. These are the best places to park your cash

New York (CNN) — Even though the Federal Reserve didn’t hike its benchmark interest rate on Wednesday, it didn’t lower it either.

The Dow Jones index closed down 1.08%, at 34,070.42 points, the S&P 500 declined 1.64% to 4,330.00 points, and the Nasdaq fell 1.82% to 13,223.98 points