Bank CD Rates At Five-Year High

With three Federal Reserve rate hikes in the past seven months, bank CD rates are finally starting to grow, with rate levels at their highest since 2012. What’s your take on CD rates now, and going forward? How will Fed policy impact rates going forward? Are bank CD rates now a solid, if unspectacular, tool for capital preservation? Why or why not? Requirements:
Banking experts, economists, Fed experts, money managers, bank savers.