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What should you do before the Fed cuts arrive? Find out more later in this email. |
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💵 Today’s Top Stories |
| | If you’re a cord cutter and a huge NFL fan like Clark, here’s how you can watch on Sundays (and Mondays, and Thursdays). We have to warn you, though: this year won’t be wallet-friendly. Read more. |
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| | It’s easy to compare prices, but there’s more to replacing your car battery than the price of the battery itself. Our research reveals the six places that have the best overall deals. Read more. |
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| | Looking for ways to get your next home improvement project done for less? Use these tips to stretch your dollars – including free shipping or an instant $5 off. Read more. |
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| | This modern dynamic makes it so much easier for retail investors to buy expensive stocks. Here’s how it works – and the best investment companies that offer it. Read more. |
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📣 Today’s Top News |
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💵 What To Do Before Fed Rate Cuts Arrive |
It’s a near-certainty that the Federal Reserve will cut interest rates on Sept. 18. The current rate is 5.25 to 5.50%. |
There’s even a chance the Fed cuts rates by a half percent. Regardless, the direction for the near and intermediate future seems clear. |
The Fed meets again and could announce further cuts on Nov. 7, Dec. 18, Feb. 1 and March 22 (for starters). |
How much the Fed cuts, and how fast, remains to be seen. But cuts are coming. So is there anything you can or should do financially? |
NBC gave three suggestions: |
Money market funds are generally paying 5% and have become extremely popular. Expect those rates to fall and plan accordingly. You’ve missed the peak to lock in long-term CD rates. But now is almost certainly a better time to do so than you’ll see in 2025. Consider shifting to longer-term bonds.
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ABC News reminded people better rates probably are coming for home and auto loans. But don’t expect things to change fast. |
“Your credit card bill is not going to plunge the day after the next Fed meeting,” LendingTree’s Matt Schultz told ABC. “Nobody should expect miracles.” |
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📊 Stat of the Day |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
| Full Show: Needs vs. Wants: It’s Time To Spend Less and Will Gas Prices Get Cheaper Soon? |
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On a recent podcast, Clark discussed how many Americans are struggling to pay their bills. There’s a new trend on social media that Clark actually likes – and it’s a great message to help us ditch a paycheck-to-paycheck lifestyle! Also, Clark has mentioned that our economy is running in a slower gear. But not everything is doom and gloom. Clark explains why gas prices will start to drop soon. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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