How to Make The Fed’s Interest Rate Cut Work for You

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 14 October 2024

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learn about the Chase Sapphire Preferred card’s limited time sign-up bonus and understand the impact of Federal Reserve interest rate changes. What is the economic impact of lowering interest rates? Does lowering interest rates increase people’s spending power? Host Sean Pyles leads discussions around the Chase Sapphire Preferred card and the Federal Reserve's interest rate adjustments to help you understand how to optimize travel rewards and navigate economic shifts. Travel Nerds Sally French and Meghan Coyle start the episode with a discussion of a limited time sign-up bonus for the Chase Sapphire Preferred card, offering tips and tricks on integrating the card into a long-term financial strategy. Then, NerdWallet's Senior Economist Elizabeth Renter joins Sean to discuss the impact of lowering interest rates. They delve into how the Federal Reserve uses interest rate changes to manage inflation and employment, how changing rates can stimulate economic growth, and the implications of recent Federal Reserve rate cuts on the broader economy. Use NerdWallet’s free tool to compare mortgage rates: https://www.nerdwallet.com/mortgages/mortgage-rates In their conversation, the Nerds discuss: travel rewards, Chase travel portal, interest rate impact, Federal Reserve, economic growth, credit card sign-up bonuses, credit card offers, inflation control, student loan rates, mortgage interest rates, Chase Ultimate Rewards, travel credit cards, Federal Reserve rate cuts, economic trends, credit card bonuses, travel statement credits, Chase travel credits, rewards points, and the impact of lowering interest rates. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.6	Credit card sign-it bonuses can be your best chance to nab a ton of points. And every so often, an offer comes by that is just too good to pass up.
0:39.8	This episode will give you the scoop on a new deal to get loads of points.
0:49.4	Welcome to Nerd Wallet's Smart Money Podcast.
0:51.9	I'm Sean Piles.
0:53.0	This episode, we answer a listener's question
0:55.1	about why the Federal Reserve changes interest rates even when it doesn't seem fair. But first,
1:00.7	travel nerds Megan Coyle and Sally French are here to chat about a new limited time offer for
1:05.7	people who are thinking about getting a new travel credit card. Megan and Sally, nice to have you back.
1:11.3	Thanks so much,
1:16.8	Sean. Great to be here as always. Okay, so what card are we talking about here? We are talking about one of the most popular travel credit cards out there, the Chase Sapphire Preferred card. It has a
1:22.7	limited time sign-up bonus right now. Not only will you earn 60,000 Chase Ultimate Rewards points, but you'll
1:29.0	also earn up to $300 in statement credits on Chase travel purchases within your first year.
1:34.9	That's only if you apply while this offer is still available. It's on the NerdWallet website
1:39.0	as of October 14, 2024. You'll need to spend $4,000 in purchases in the first three months from the
1:46.3	account opening. Keep in mind the details of this and other limited time offers discussed in
1:51.6	this episode are valid as of October 14th and may have changed since this podcast episode was
1:57.7	released. And I do want to note at the outset that Chase is indeed a nerd wallet
	...

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