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What You Need To Know About Fed Rate Cuts (Sept 2024 Update!)
Manage episode 440746212 series 3585684
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As of yesterday, the Federal Reserve announced a larger-than-expected interest rate cut of 50 basis points, surprising many who anticipated a smaller 25-point reduction. Scott has had several clients reach out to him about this unexpected move. So in today’s episode, we’ll talk about the implications of this decision, especially for those nearing retirement or facing major financial decisions.
Here’s some of what we discuss in this episode:
0:00 – Intro
2:14 – Chatting with David Walker
4:14 – What do interest rates mean to the public?
7:04 – Maintaining a sound economic plan
9:20 – Rate cut impact on the market
12:14 – Final thoughts
Resources:
Schedule A Call with Scott: http://callosborn.com/
Scott's Book, A Pilot's Guide To Maximizing Wealth & Cashflow In Retirement: https://amzn.to/3xSn1ii
The Pilot's Planner Website: https://thepilotsplanner.com/
Watch the podcast on YouTube! https://www.youtube.com/@ThePilotsPlanner
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