With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

NBC News

An anticipated decision on interest rates is expected from the Federal Reserve, as many believe the Fed is poised to cut rates for the first time in years. Editor-in-Chief at Investopedia, Caleb Silver, explains what to expect from the Federal Reserve decision.

Federal Reserve could cut interest rates for first time in years

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are expected to go down once the Fed cuts rates, which could happen as soon as September.

Mortgage Interest Rates Today, August 1, 2024 | Mortgage Rates Could Fall as Fed Hints at Future Cuts

TheStreet

Markets were looking for a clear signal on the Fed's next rate move. Here's what they got.

Fed drops biggest hint yet on next interest rate move

CBS News

The Federal Reserve will announce a decision Wednesday on potential interest rate cuts as inflation appears to cool. CBS News contributor Javier E. David has more on what economists expect.

Federal Reserve decision on interest rates coming

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

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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

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Denver, CO

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David Heitz

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Colorado State

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Madison County, IN

Connecticut Public

It was about 2 p.m. on a Thursday in May when Mitch Carroll pulled up to an apartment building with teal trim in Madison County, Ind. He was wearing jeans, a T-shirt and pristine white sneakers. But to the middle-aged woman who opened the door, it was obvious he was in law enforcement. He had a badge and a Glock 9 mm pistol at his waist.

He has a badge and a gun — and he investigates school truancy

Bellingham Metro News

UNITED STATES — McDonald's has introduced a new burger, the "Big Arch," poised to become its first major global addition since Chicken McNuggets joined the core menu in 1983 and the recent addition of Chicken McCrispy.

McDonald's Unveils "Big Arch" Burger for U.S. and Global Markets

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Markets Insider

UBS analysts advised investors to think interest rates and tech, not politics.

The 'Trump trade' is winding down, and the Fed's rate plans are back in focus

Markets remain split on the chance of a Bank of England rate cut on Thursday, despite U.K. inflation hitting the central bank's 2% target twice in a row. Some in its nine-member Monetary Policy Committee remain concerned about services inflation and wage growth, meaning the vote could be a tight split.

Bank of England rate cut is a close call even with inflation on target

Bucks County Beacon

Most Americans want Donald Trump to drop out of the race. Most Americans believe Trump is dishonest. Most Americans reject Trump’s vision for the country. And most Americans don’t trust Trump to handle a crisis.

AP-NORC Poll: About 60 Percent of Americans Want Trump to Withdraw from Presidential Race

The Federal Reserve kept its key interest rate at 5.25% to 5.5%, citing "some further progress" toward its 2% inflation goal. At his press conference, Fed Chair Jerome Powell said a rate cut in September is "on the table," provided the inflation data continues to be encouraging. The comments propelled stocks to their highs of the day.

Fed recap: Chair Powell gives the September rate cut signal traders were hoping for

Virginia State

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

The Food and Drug Administration has added more brands to its major health alert for cinnamon, due to them being contaminated with lead. The agencysaid Tuesday it conducted lead testing and found between 2.03 and 7.01 parts per million (ppm) in the brands Compania Indillor Orientale, ALB Flavor, Shahzada, Spice Class and La Frontera.

The FDA adds more brands to a new alert for lead-contaminated cinnamon

NewsBreak

The Federal Reserve is getting closer to cutting interest rates

The Federal Reserve held interest rates steady Wednesday, but indicated a rate cut could come as early as September if inflation continues to moderate. Prices in...

The Federal Reserve is getting closer to cutting interest rates

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