NerdWallet's Smart Money Podcast
How to Make The Fed’s Interest Rate Cut Work for You
Oct 14, 2024
Sally French and Meghan Coyle, both Travel Nerds at NerdWallet, share their expertise on maximizing travel rewards with the Chase Sapphire Preferred card, including its limited-time sign-up bonus. They offer tips on integrating travel credit cards into long-term financial strategies. Elizabeth Renter, NerdWallet's senior economist, discusses the economic implications of Federal Reserve interest rate cuts, explaining how these changes can influence consumer borrowing, spending, and overall economic growth.
24:48
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Quick takeaways
- The Chase Sapphire Preferred card offers a lucrative sign-up bonus and encourages strategic spending for maximizing travel rewards.
- Federal Reserve interest rate cuts can stimulate the economy by reducing borrowing costs, influencing consumer spending and investment decisions.
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