Will the Fed Cut Interest Rates in December?
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 4 December 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
Discover if the Fed will cut interest rates in December.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest 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!
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Transcript
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| 0:00.0 | Be Wealthy and Smart, episode 1437. |
| 0:03.8 | I'm going to live the rich life. |
| 0:08.1 | I'm pulling best life, yes, life. |
| 0:11.1 | So if you all know what I mean, put your hands up and declare with me, yeah, I'm full of |
| 0:15.9 | bread, I'm going to live a good life. |
| 0:21.6 | A beautiful and glorious life. |
| 0:25.6 | Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart. |
| 0:33.6 | And now, here's your host, Linda P. Jones. Welcome to Be Wealthy and Smart. I'm Linda P. Jones, |
| 0:42.2 | America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show, |
| 0:47.3 | we're going to talk about the Fed cutting interest rates in December. Now, the Fed has made some |
| 0:52.1 | comments about December interest rate cuts, but they've also |
| 0:55.5 | talked about being concerned about trends on inflation. Federal Reserve Governor Christopher Waller |
| 1:01.0 | said on Monday, he's anticipating an interest rate cut in December, but is concerned about inflation. |
| 1:07.2 | He cited recent data indicating that progress on inflation may be stalling. And he said, |
| 1:11.8 | based on the economic data in hand today and forecasts that show that inflation will continue |
| 1:16.9 | on its downward path to 2% over the medium term, at present I leaned toward supporting a cut to the |
| 1:23.3 | policy rate at our December meeting. However, he noted the decision will depend on whether data |
| 1:28.4 | that we will receive before then surprises to the upside and alters my forecast for the path of |
| 1:34.0 | inflation. Now, recently we had some data come out, which was in October, and the Fed's preferred |
| 1:40.3 | inflation indicator, which is called the Personal Consumption Expenditures Price Index, |
| 1:45.9 | showed that headline inflation moved up 2.3% annually, and core prices, which exclude the cost |
| 1:52.5 | of food and energy, moved up 2.8%. The Fed has a target of a 2% rate. So with headline inflation |
... |
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