Show Notes
The Federal Reserve hasn't been this dramatic in decades. Today, Nicole breaks down everything you need to know about the Fed and exactly what it means for your wallet.
Nicole explains how the federal funds rate actually works, why it doesn't directly set your mortgage rate (but still absolutely affects it), and which accounts move immediately when the Fed acts. She unpacks the Fed's dual mandate, and shares her prediction for what Kevin Warsh will do.
Check out Nicole's financial literacy course The Money School Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram Open a high yield savings account with SoFi at sofi.com/mnn
Here's what Nicole covers today: Are You Ready for Some Money Rehab? Why the Fed Is Bringing the Drama Right Now What the Federal Funds Rate Actually Is How Banks Borrow From Each Other Overnight How the Fed Rate Affects You (And What It Doesn't) High Yield Savings Accounts and the Fed The Fed's Dual Mandate: Inflation vs. Unemployment Where Inflation Stands Right Now Inside the FOMC: How Rate Decisions Are Made Meet the New Fed Chair: Kevin Warsh Hawks vs. Doves Explained Trump vs. The Fed: The Political Pressure Austan Goolsbee Takes Us Inside the Room Internal Dissent at the Fed: Not Seen in 30 Years What to Expect from Markets on June 17th Nicole's Prediction: Will Warsh Cut or Hold? Tip You Can Take Straight to the Bank: High Yield Savings
All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.