The American voting public, writ large, has the attention span of a gnat. Thus by November is appears likely a great many of Biden's obvious failings as POTUS will have become forgotten, or at least will no longer be front of mind for many voters.
Trump has his own many problems and shortcomings, to which it now appears we might soon be able to add Taylor Swift.
Bottom line I'm having a really tough time being able to predict a winner in November's POTUS election. This is a problem because, in my view, the next POTUS will have an impact on CD interest rates.
Should Biden prevail, I'm thinking he will try to go right back to the sort of deficit spending he clearly favors while of course the border remains wide open. And as a lame duck there will few if any restraints on his innate proclivities. In my gut I associate a Biden victory with higher CD APYs. I do not want to be caught holding longer term CDs should Biden be re-elected.
If Trump is the eventual POTUS election winner, I have an entirely different gut feel. I think CD interest rates are less likely to balloon with Trump in the White House. Thus with a Trump victory, savers who have locked in longer term 5+% APY CDs now will likely be doing rather well.
All of the above might be correct, or I could be off the mark and full of prunes. But my problem personally is inability to predict which man will be the eventual election winner. So I'm left "splitting the baby" and buying CDs having maturities of intermediate length. It's a conundrum.