US Edition3 Financial Moves Baby Boomers Should Make Before the Fed Lowers Rates
- JPMorgan predicts that the Federal Reserve will begin cutting interest rates in September and anticipates four total cuts by the end of the year.
- The predicted cuts are due to signs of weakness in the labor market, with the unemployment rate rising to 4.2% in July.
- President Trump nominated Stephen Miran to a temporary seat on the Federal Reserve's governing board, potentially increasing divisions within the rate-setting committee.
- Tensions between Trump and Fed Chair Jerome Powell have escalated, with Trump expressing frustration over policy disagreements.
12 Articles
12 Articles
3 Financial Moves Baby Boomers Should Make Before the Fed Lowers Rates
Key Points The Fed might lower interest rates at its September meeting. Before that happens, you may want to lock in a CD or set up a CD ladder. Also have a pulse on your credit profile and research big purchases without completing them. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your be…
JPMorgan predicts now that the Federal Reserve will begin to cut interest rates at its next meeting in September - and four times in total before the end of the year - as the pressure to relax monetary policy increases, according to The New York Post. The country’s largest central bank, led by Jamie Dimon, foresees a quarter percent cut after the Fed’s two-day meeting on September 16-17, followed by three more cuts of the same magnitude at the r…
Fox Business
The Business TimesBessent says market expects Fed to cut rates this year: 'substantial probability'
Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before the end of the year amid concerns about tariffs pushing inflation higher.Bessent, during an appearance on Fox News' "Special Report with Bret Baier," said after the Fed held interest rates steady for its fifth straight meeting in late July citing concerns about tariff-induced inflation squeez…
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