The FOMC (aka "The Fed" aka The Federal Reserve) had a press conference on March 20, 2024 where they talked about federal reserve rates remaining unchanged, but there's 3 projected interest rate cuts by end of year.
- What does this mean for our High Yield Savings Accounts interest rates, mortgages, credit cards, loans, and the economy?
- What's going on with unemployment and inflation?
- What are balance sheets and what is this balancing act that The Fed is responsible for?
- Is good news good news? Or is good news bad news? Or is bad news good news? (i.e. is a spike in unemployment good news? this and other thoughtful words from Jess ✨)
🎧 In the last episode, we talked about the balancing act the FOMC has to do between maximum employment and price stability. Basically, making sure prices are stable (interest rates on housing
🔮 We first mentioned The Fed back in Episode 6 when we discussed who they are, what they do, and why do we care. But we're still giving you a refresher today. And we've definitely mentioned them a few more times since then along with the things referenced in these episodes:
Ep. 13 The Business Cycle and Recessions
Ep. 15 Inflation Explained
Ep. 18 The Yield Curve
🌞 Jessica Inskip's Takeaways
Listen at the end for all of Jess' amazing takeaways of the FOMC meeting! Check out her TikTok for her Powell-Points
🧠 Terms/Jargon/Things To Remember
✨FOMC = Federal Open Market Committee (not a government branch), responsible for managing the U.S. monetary policy, which you can read about in that FOMC link.
✨Fed Chairman = Jerome Powell (who we like to call "Papa Powel
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Market MakeHer is an investing education podcast taught by a 15-year finance expert to her friend, a beginner investor. Our mission is to demystify the stock market and make financial literacy accessible to all self-directed investors! We teach complex investing topics in a different way - from "Her" perspective.
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