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It’s looking like the Fed will hold interest rates steady for the remainder of 2025. But what does this mean for you? Find out more later in this email. |
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💵 Today’s Top Stories |
| | Even people who can afford to do so often neglect to set aside an emergency fund. With uncertainty in the economy, Clark says it’s mission critical to do this now. Read more. |
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| | A Clark listener is keeping family items with sentimental value in storage units that keep raising the monthly price. Clark gave some interesting recommendations. Read more. |
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| | Carrying a few extra pounds after the holidays or wanting to start working on your beach body now? We’ve studied these totally free apps in detail so you can keep yourself on track. Read more. |
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| | Is your resolution to pay off debt in 2025? Follow these steps to become debt-free as fast as possible. Read more. |
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💻️ Tech Tip From Kim Komando |
Talk to the hand: You can use Alexa without vocal controls or needing to touch the screen if you have an Echo Show. Open your Alexa app and tap More > Settings. Select Device Options and tap Gestures. Now, just lift your hand to stop a timer. Join 575K people who get tech smart with my friend Kim Komando’s free newsletter, The Current. |
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💹 Zero Interest Rate Cuts Now Looks Possible for 2025 |
Just a few months ago, the markets were predicting the Federal Reserve would cut interest rates four times in 2025. |
However, the job market continues to be hotter than expected and inflation rose to 2.9% in December, according to the latest CPI number released yesterday. |
That’s after Fed chairman Jerome Powell announced the Fed would be cautious about any further rate cuts after slashing another quarter-point before Christmas. |
The Fed has long held 2.0% as the target inflation rate. But the U.S. hasn’t seen that number since a 1.7% print in February 2021. |
After peaking at 9.1% in June 2022, a series of rate cuts helped cull it to 2.4% in September 2024. But the number has crept up a half-point since then. |
Some reading the tea leaves believe there’s a good chance the Fed will hold interest rates steady at 4.25% to 4.50% (the current number) for the balance of 2025. |
That’s bad news for those hoping for considerably better mortgage rates anytime soon. |
However, a 4.4% jump in gas prices contributed to the higher inflation number in December. So-called core inflation, which excludes volatile energy and food prices, came in below expectations yesterday. |
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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: Clark's 10-Month Debt Challenge and It’s Easier Than Ever To File Taxes for Free |
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It’s January and bills from holiday spending are starting to arrive. Are you feeling a financial hangover? Clark has a simple, realistic plan you can follow to pay down debt in less than a year. Also, it’s easier than ever to file taxes for free! Clark explains who can file for free – and who needs to hire a professional. Plus, he has important advice on the method you should NOT select to receive your tax refund this year. |
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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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