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The Federal Reserve just made its first rate cut since 2020, and it will have implications for investors and consumers.
The Federal Reserve just cut the benchmark federal funds rate by 50 basis points, which is a more aggressive move than many were expecting. In this video, Certified Financial Planner® Matt Frankel discusses what this big rate cut means for your stocks and your day-to-day personal finances.
*Stock prices used were the morning prices of Aug 20, 2024. The video was published on Aug 21, 2024.
Matt Frankel, CFP, is a contributing Motley Fool Personal Finance Expert and Stock Market Analyst covering financial and real estate sectors, plus personal finance. Prior to The Motley Fool, Matt was a high school and collegiate mathematics instructor. He holds a B.S. in Physics from University of South Carolina, an M.S. in Mathematics from Nova Southeastern University, and a graduate certificate in financial planning from Florida State University. Fun fact: Matt won a SABEW award for coverage of the 2017 Tax Cuts and Jobs Act.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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