Confused About What A Fed Rate Cut Could Mean For You? | Jerome Powell & Interest Rates

Hey Rich Girls, Kirby here - if you follow any news or happen to overhear finance bros talking about finance, you have probably heard of the term federal rate cuts. But do you have any idea what that means or how it could affect you? I’m going to explain it you in everyday language right now so that YOU can know what's going on - and maybe even break it out at your next happy hour. **please note this is not investment advice, just my opinion & should be used for entertainment purposes only**CONNECT WITH ME:YouTube: www.youtube.com/@RichGirlsGuidewithKirbyTikTok: https://www.tiktok.com/@richgirlsguideSpotify: https://open.spotify.com/show/6suGRkd9m1kjNNiRvbLhT7 Apple Podcasts: https://podcasts.apple.com/us/podcast/rich-girls-guide/id1716403850 Want YOUR money question to be answered in an upcoming episode? Submit an anonymous question here: https://richgirlsguidepodcast.com/contact   TIMESTAMPS:0:00 Intro0:42 WTF is “the fed”4:30 What is a rate cut or rate hike?8:36 What does a rate cut mean for my bottom line?10:30 What happened at the July fed meeting…MY EXACT YOUTUBE SETUP (Amazon affiliate links):Canon EOS R6 Camera: https://amzn.to/4cgzSddSD Memory Card: https://amzn.to/3VYJrrAShure SM7B Microphone: https://amzn.to/3xoIJukTeleprompter: https://amzn.to/4cI4iVDRodecaster Pro: https://amzn.to/3VGAAcAManfrotto Camera Tripod: https://amzn.to/3W1SecmCloudlifter: https://amzn.to/3L0Ntt1Microphone Stand: https://amzn.to/3VGI6V0Mic Cable: https://amzn.to/4bkKOW0Amaran 100D LED Light: https://amzn.to/3W0Bl1tAputure Lantern Light: https://amzn.to/3RHp7bKSoftbox lighting kits: https://amzn.to/45MGygSAmazon Fire Tablet: https://amzn.to/3L0lxp4⅛ to ¼ Stereo Cable:https://amzn.to/4bCHYffARTICLES MENTIONED:Federal reserve: https://www.federalreserve.gov/aboutthefed/fedexplained/who-we-are.htm History of the Fed: https://www.stlouisfed.org/in-plain-english/history-and-purpose-of-the-fed#:~:text=A%20particularly%20severe%20panic%20in,to%20address%20these%20banking%20panics.July Fed Meeting: https://www.wsj.com/economy/central-banking/federal-reservice-interest-rate-decision-b5c39738?page=1 Jay’s July 2024 Congress Testimony: https://www.reuters.com/markets/us/feds-powell-before-congress-could-show-developing-case-rate-cut-2024-07-09/ Jobs report / unemployment: https://www.wsj.com/economy/jobs/jobs-report-july-unemployment-economy-8b7e6db7 MY TOP FAVORITE BOOKS ABOUT HABITS & $$$ (Amazon affiliate links)The Power of Habit: https://amzn.to/3xxkytFAtomic Habits: https://amzn.to/4bh5NccThe Opposite of Spoiled: https://amzn.to/3xDz2rPYou Are A Badass At Making Money: https://amzn.to/4bkKuqg credit card, creditcards, financial advice podcast, how to budget your money, credit card debt, credit score, women in finance, credit utilization, audit, investing, how to invest, mutual funds, etfs, stock, stocks, personal finance, financial management, financial planning, financial education, financial diet, finance stock market, finance 101, finance for women, financial news, personal investing, money challenge, debt free, payoff debt, clark howard, dave ramsey, caleb hammer, bigger pockets, debt free journey, financial feminist, inflation, net worth, credit, financial audit, retirement, retirement planning, financial freedom, 401k, portfolio, allocation, excel, financial calculator, financial tips, personal finance tips, financial literacy, money, money tips, money management, personal development.