U.S. stocks are ticking higher ahead of a highly anticipated speech about where interest rates may be heading.

Former St. Louis Fed President James Bullard said Friday that a September interest-rate cut was now a "done deal." It was notable that Powell "didn't say too much" about the rest of the year, Bullard said,

Kansas City Fed president Jeffrey Schmid said on Thursday there seems no rush to cut interest rates, with inflation still above the central bank's 2% target and the labor market still in solid shape.

Stocks soared on Friday after Federal Reserve Chair Jerome Powell signaled the central bank may be ready to resume cutting interest rates at its next policy meeting in September.

"HELOC interest rates are generally structured as prime plus a margin," Debbie Calixto, sales manager at mortgage lender loanDepot, says. The federal funds rate influences the prime rate, while the margin reflects an additional percentage based on your credit score and loan details.

Federal Reserve Chair Jerome Powell didn't "promise" to cut interest rates in September and may not adjust rates if there are dramatic surprises in the data in the coming weeks, said former Boston Fed President Eric Rosengren.

BHK CEF trades at a discount with a 9.3% dividend yield. Explore its investment potential while weighing risks like dividend sustainability.

The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today,