More than a month after the Federal Reserve started trimming its benchmark interest rate, there are a number of banks and credit unions where the annual percentage yields are increasing on certain certificates of deposit,

However, the Fed takes a risk if it brings inflation down too much. Any major, rapid decline in economic activity can cause a major spike in joblessness, leading to a recession. You might hear the phrase "soft landing," which refers to the balancing act of keeping inflation in check and unemployment low.

An additional Federal Reserve rate cut is expected to be issued this week. Here's why you should open a CD anyway.