Due to many issues related to the COVID-19 pandemic, the inflation rate in the

United States rose rapidly starting in 2021. In response, the Federal Reserve or

Fed for short raise interest rates 11 times from March 2022 to July 2023 to slow down the economy.

Recently in July 2024, the inflation rate dropped

to 2.9%, the lowest rate in three years.

The last time we saw inflation below 3% was March 2021.

But economists say that we likely won't see inflation come down to the Fed's target rate of 2% until specific categories like housing gets less expensive.

Now that the inflation rate is cooling, the Fed is expected to cut rates soon.

That will have many downstream consequences for our financial lives.

This podcast will review six money moves you should make with potential interest rate cuts looming.

Hey friends, welcome back. I'm Laura Adams, an award-winning author, money speaker, founder of the Money Stack newsletter

and host of Money Girl with over 43 million downloads.

I also work as an on-camera financial spokesperson and partner with select brands for PR and content marketing.

As always, you can learn more and email me at Laura D. Adams.com.

That's also where you can subscribe to the free money stack newsletter.

And if you have a comment or question, I would love to hear it.

You can leave it on our voicemail line at 302 364,

3308, or shoot me an email using my contact page at Laura D Adams.com.

All right so let's talk about how the Fed uses interest rates.

The Fed is the Central Bank of the United States and it has two primary

missions. One is keeping prices stable for consumers and the other is ensuring a low unemployment rate.

So the Fed's lever for achieving those goals is raising or lowering the federal funds

...