Borrowing costs. Savings. Investments.
All three can be affected by one key player: the Federal Reserve. Their decisions about interest rates can ripple through the economy and into your everyday life.
So, why does this matter? Let’s take a look.
The Fed: What They See, Why It Matters
The Fed is sending up a flare: the economy may be softening.
In a recent speech, Federal Reserve Chair Jerome Powell signaled that interest rate cuts could be on the table soon. He expressed rising concern about the job market, noting a sharp slowdown in hiring and the risk of further weakness ahead. And he’s not alone. Other indicators have started pointing in the same direction. Taken together, these signals point to potential shifts in economic momentum that could affect interest rates, the markets, and your financial plan.
One Big Beautiful Bill Act
You've likely heard about this from every possible media channel.
A sweeping new tax law just hit the books. It’s called the “One Big Beautiful Bill Act,” and it could represent a big overhaul to household finances.
Think of it like a home renovation. The 2017 tax cuts laid the foundation. This law keeps the structure, adds new features, and rips out a few that may no longer fit.
I won't dance around the issue: This bill is controversial.