Think I should open a CD before fed rate cut?

fleabag

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Oct 1, 2007
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I've got $2K in the bank and I'm thinking about opening a CD and depositing the majority of my funds into it before the fed rate cut on tuesday. It'd be a 6 month CD since that's the longest you can get a 4.75% CD. This would be with citibank so unless there are better rates outthere, I guess this would be my only option.

what do you think?