5 top money moves to consider before the Federal Reserve’s first rate cut since 2020

Published Mon, Aug 26 202411:28 AM EDT

By: Jessica Dickler

watch nowVIDEO04:54Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

Last week, Federal Reserve Chair Jerome Powell all but confirmed that an interest rate cut is coming soon.

“The time has come for policy to adjust,” the central bank leader said in his keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming.

For Americans struggling to keep up with sky-high interest charges, a likely quarter-point cut in September may bring some welcome relief — especially with the right preparation.(A more aggressive half-point move has a roughly a 1-in-3 chance of happening, according to the CME’s FedWatch measure of futures market pricing.)LEARN MORE…

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