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The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

The Motley Fool

Worried about how to make your money work for you once the Fed cuts rates? Find out how to continue to earn decent returns.

3 Ways to Keep Earning 5% Returns After the Fed Cuts Rates

With the Fed expected to lower rates in September, it's a smart time to open CDs that guarantee today's great returns well into the future. Below we lay out more than 30 excellent options for locking in a CD rate until 2026, 2027, or even 2028–2029—with returns up to 5.25%.

The Best CDs to Lock in a Rate Until 2026 to 2029—Before the Fed Cuts Rates

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

The Fed is virtually certain to start cutting rates at its September meeting. Find out what it would likely mean for CD interest rates.

Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

Dozens of nationally available CDs will let you lock in a rate of 5% or better—up to a high of 5.40%. But a Fed rate cut is almost certainly coming next month, and it's already pushing CD rates lower. That means the best time to lock in a CD...

Don't Wait to Guarantee a 5% CD Rate—APYs Could Start Falling Fast

Loretta Mester, former Cleveland Fed president and CNBC contributor, joins 'Money Movers' to discuss what to expect from the Federal Reserve, how the Fed thinks about the amount of rate cuts, and much more.

Fed will be moving rates down in September, says former Cleveland Fed president

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
The post Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar appeared first on 24/7 Wall St..

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

The Guardian

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are holding steady after dropping earlier this month. But homebuying demand remains low.

Mortgage Interest Rates Today, August 29, 2024 | Rates Hold Steady Just Below 6%

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Lauren Saidel-Baker, economist at ITR Economics, discusses Powell's comments at Jackson Hole and U.S. market expectations.

A 25-basis-point cut by the U.S. Fed is 'all but cemented for September,' economist says

CBS News

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

Each I bond's rate adjusts every six months. That means about one in six current I bond holders will see their rate change on Sept. 1. Because inflation has cooled, the new I bond rate will be approximately 1 percentage point lower than the last six-month rate. Our tables show...

I Bond Owners May See Their Rate Drop a Percentage Point This Weekend

The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steeper rate cuts, JPMorgan analysts say.

The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says

Interest rate cuts are finally near. Read on to see what financial move it pays to make as soon as possible.

The Fed Just Signaled a Near-Term Interest Rate Cut. Here's What Savers Should Do Immediately

Bath & Body Works expects net sales to fall between 2% and 4% this year, worse than its previously offered guidance. CEO Gina Boswell called the lower range "prudent" amid challenging consumer spending trends. The retailer also missed expectations with its second-quarter net sales. Bath & Body Works (BBWI) shares...

Bath & Body Works Offered a 'Prudent' Outlook. Its Shares Are Falling

There were 2.5% more 401(k)-created millionaires and 6% more IRA-created millionaires at the end of the second quarter, a recent Fidelity analysis found. The average 401(k) and IRA account balances are still far less than $1 million, clocking in at $127,100 and $129,200, respectively. A strong stock market and solid...

There Are More 401(k) and IRA Millionaires Than Ever Right Now

Kohl's beat profit estimates for the second quarter, despite lower sales, as the discount department store operator cut costs. Kohl's warned about a challenging consumer environment but raised its full-year outlook for earnings per share. Kohl's shares edged higher Wednesday, but they've lost nearly a third of their value this...

Kohl's Cuts Costs to Address a Challenging Consumer Environment

NewsBreak

How Rate Cuts Will Impact the Treasury Market: 3 Questions With an Analyst

After holding interest rates at decades-high levels for more than a year, the Federal Reserve is expected to lower rates at its September meeting—a move that...

How Rate Cuts Will Impact the Treasury Market: 3 Questions With an Analyst

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