Federal Reserve Cuts Interest Rates: What It Means for You
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 20 September 2024
⏱️ 49 minutes
🧾️ Download transcript
Summary
In a historic move, the Federal Reserve has cut interest rates for the first time in four years, reducing the benchmark rate by 50 basis points to a range of 4.75% to 5%. This decision aims to ease borrowing costs amid signs of easing inflation and a softening labor market.
>> In particular, Justin answers the question: When will the average consumer feel the effects of Fed rate cuts?
Also in this podcast: AEP - American Electric Power Co. Inc. (NAS); VRN - Veren Inc. (NYS); SCHW - Charles Schwab Corp. (NYS); VFC - VF Corp. (NYS); VCIT - Vanguard Intermediate-Term Corporate Bond (ETF) vs. VGIT - Vanguard Intermediate-Term Treasury ETF (ETF); PGR - Progressive Corp. (NYS); ELS - Equity Lifestyle Properties Inc. (NYS); also, a listener question on 'value stocks'; plus Justin's MARKET WRAP UP, and his topic talking points: "529 Plans" and "Pig Butchering Scam". (Vulnerable people are losing big money to organized crime.)
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on Invest Talk. |
| 0:09.0 | And for our podcast subscribers, this is Invest Talk independent thinking shared success |
| 0:17.6 | invest talk is made possible by kPP financial a registered investment advisor firm, serving clients throughout the United States. |
| 0:27.0 | Here is KPP Financial Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:35.0 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:39.0 | This is our Thursday, September 19, 2024 edition of Invest Talk, our first day after the Fed meeting and it was quite an interesting day. |
| 0:49.2 | A very bullish day, closed at all-time highs on the S&P and there remains a lot of questions |
| 0:57.8 | about what the Fed cut means for investors and we will get to that later in the show but you know it's not just |
| 1:05.9 | about the recent news and markets it's about learning lessons each and every day |
| 1:10.5 | that you can take forward so that you make better decisions with your money |
| 1:15.2 | consistently day after day, week after week, month over month, and year after year. |
| 1:20.3 | I'm doing this a long time, nearly 25 years and I have a lot of lessons to unpack. |
| 1:27.2 | And mainly, it's driven, these lessons are driven by topics that you bring to the table. |
| 1:35.1 | So we encourage you to give us a call at 889 chart and bring what's top of mind for |
| 1:41.0 | you. |
| 1:42.0 | I'm going to go over what is on my mind, |
| 1:43.5 | but ultimately this is about you. |
| 1:45.9 | The show is about you. |
| 1:47.4 | Okay, so now to that end of education, |
| 1:50.0 | we will be hosting our next Invest Talk Wealth Webinar and is coming up on October, sorry, not |
| 1:55.8 | October. |
| 1:56.8 | Yeah, October 8th at 11 a.m. Pacific time. |
... |
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