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Be Wealthy & Smart

Possibly Two Interest Rate Cuts and Bidding Wars for Homes are Back

Be Wealthy & Smart

Linda P. Jones

News, Business News, Investing, Business

4.8883 Ratings

🗓️ 20 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Discover why there may be two interest rate cuts and bidding wars for homes are back.

Are you on track for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle.

If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT

- Invest in digital assets and stock ETFs for potential high compounding rates

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-Pay once, have lifetime access! NO recurring fees.

-US and foreign investors are welcome

-No minimum $ amount to invest

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For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any recurring fees. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP

Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!).

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LINDA'S WEALTH BOOKS

1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!"

It was named to the list of "All Time Best Wealth Books" by BookAuthority.

Men love it too! After all, you are Wealth Heirs. :)

International buyers (if you live outside of the US) get my book here.

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)

Transcript

Click on a timestamp to play from that location

0:00.0

Be wealthy and smart, episode 1352.

0:03.4

I'm gonna live no rich life.

0:07.4

Rich life.

0:08.4

All the best life.

0:10.8

If y'all know what I mean, put your hands up and declare with me

0:14.2

yeah I'm full of time I'm gonna live a good life I'm gonna live a good life

0:21.6

A beautiful and glorious night Step into a world of wealth and wealth of wealth and financial freedom without budgets, boredom or bosses on be wealthy and smart and now here's your host

0:36.1

Linda P Jones. Welcome to be wealthy and smart I'm Linda

0:40.8

Jones America's wealth mentor empowering, Empowering Women and Men Worldwide to Financial Freedom. On today's show, we're

0:46.8

going to talk about the market pricing in two interest rate cuts. Now, interest rates are still slightly over 7%, but that's down from 7.7% a couple of weeks ago for a 30-year fixed-rate mortgage.

1:01.0

Signs of an inflation cool down prompted markets to grow more optimistic

1:05.6

about the possibility of the Fed cutting interest rates maybe as much as two times in the second

1:12.1

half of the year.

1:13.4

And that led all three major stock market averages to hit new highs on Wednesday.

1:19.4

For the week, the NASDAQ rose more than 2%.

1:22.4

The S&P was up more than 1.5% and the Dow was up more than 1%

1:27.8

closing above 40,000 for the first time ever on Friday. It was mainly April's reading of the Consumer

1:35.4

Price Index which showed that core prices which take out the volatile prices of

1:40.4

food and gas rose 3.6% over last year, which was the lowest annual rise in three years.

1:49.6

That's what prompted the markets to price in two interest rate cuts this year for the first time

1:54.8

since early April. The Fed has projected two or three interest rate cuts at some

1:59.6

point this year. Now the key question is, are two interest rate cuts really in the cards or is the market

...

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