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The Federal Reserve cut interest rates by half a percentage point—or 50 basis points—on Wednesday, marking the first rate cut in four years. NTD discussed the Fed’s move and what it means to families and businesses with @JimForMN.

The Federal Reserve held its target federal funds interest rate steady in a range of 5.25% to 5.50% following its regularly scheduled two-day meeting, as expected by investors and economists. #usbank #economy #mortgage #finance #homeownership #generationalwealth #wealth #juneteenth2024

Following their meeting the last week, the Fed provided plenty of information for investors to chew on, especially after several months of forward interest rate projections moving dramatically. Read below for some quick thoughts on the interest rate outlook and what to keep an eye on going forward. Follow Schechter Partners to stay on top of the outlook for interest rates after every Fed meeting and for more information and advanced sales concepts pertaining to life insurance and planning.

https://lnkd.in/g___66Sx The Federal Reserve has maintained interest rates for the 5th consecutive meeting, as expected. Federal Reserve Chair, Jerome Powell, stated that they will not consider reducing the target range until they are more confident in sustainable inflation progress. This decision was not surprising to analysts, who predict that interest rate cuts will likely begin in the 2nd quarter, possibly in May or June. Consequently, a rate cut in March, which many on Wall Street were hoping for, is unlikely. The Federal Reserve wants to witness further improvement in inflation and gain more confidence in reaching the 2% mark before initiating rate cuts. The next Federal Reserve meeting is scheduled for March.

The Federal Reserve has decided to hold interest rates steady at 5.25% to 5.5% as of Wednesday. With growing speculation about potential rate cuts later this year, it's crucial to stay informed and understand how these developments might impact the market. #FederalReserve #InterestRates #Economy #Finance #MarketUpdate

The Federal Reserve is getting closer to cutting interest rates. The Federal Reserve held interest rates steady Wednesday, but investors are betting that the first rate cut in more than four years could come soon, if inflation continues to moderate. https://lnkd.in/ghtYDPum Barron's, Jeffrey Condren: https://lnkd.in/geNgu3N7 #investing #stocks #bonds #cfp #financialplanning #planner #volatility #fiduciary #debt #wealth #education #educationplanning #college #savings #budget #bullmarket #bearmarket #millennial #hsa #healthsavings #estate #estateplanning

📈 High interest rates are here to stay 📈 Last week, the Federal Reserve decided to leave the federal funds rate unchanged in the range of 5.25%-5.50%. What’s more, it left its 2024 projections unchanged, anticipating three interest rate reductions by the end of the year to a range of 4.50%-4.75% in December. More interestingly, it increased its long term projections, signaling - in a nutshell- that we better settle in to this high interest environment, as it is here to stay. What does this mean for you? - Savings vehicles, including savings accounts and CDs, continue to accrue relatively high interest. Perfect time to open that high yield savings account, if you haven’t already. 💸 - Interest on debt instruments, such as loans and credit cards, will also remain high. Shop around and carefully consider any loan for actual need. #Highinterestrates #federalreserve #highinterestsavingsaccount #financialloans #financialannouncement #financialwellness https://lnkd.in/gP3DYFWN

https://lnkd.in/eXpUC6mQ There was a divide within the Federal Reserve about whether its first interest rate cut in more than four years should be 25 or 50 basis points, according to m...

The Federal Reserve will probably hold the main interest rate at the highest level in 23 years before making two, quarter-point reductions in borrowing costs during the fourth quarter.