On this episode, we discuss the Federal Reserve's first rate cut of 50 basis points since the 2020 pandemic, and its significance as the first of its kind since the 2008 global financial crisis. This move is expected to affect interest rates for mortgages, car loans, and credit cards. The Fed's decision stems from inflation nearing their 2% target, though they predict it to reach 2.5%, along with concerns over rising unemployment. Find out how this rate cut could impact your finances.