The Federal Reserve just cut the benchmark federal funds rate by 50 basis points, which is a more aggressive move than many were expecting. In this video, Certified Financial Planner® Matt Frankel discusses what this big rate cut means for your stocks and your day-to-day personal finances.
*Stock prices used were the morning prices of Aug 20, 2024. The video was published on Aug 21, 2024.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.