October 17, 2024

Plant. Harvest. Prosper. Episode 31: Inflation Easing, Rates Down: What does it mean?

The Plant. Harvest. Prosper. Podcast examines how inflation is really impacting you and what the Federal Reserve's recent moves are all about.

The Plant. Harvest. Prosper. Podcast examines how inflation is really impacting you and what the Federal Reserve’s recent moves are all about.

In the latest episode of Plant Harvest Prosper (PHP) podcast, host Kellen Williams, a principal and CERTIFIED FINANCIAL PLANNER™ with Financial Harvest Wealth Advisors, dives deep into what the Federal Reserve’s recent decisions on interest rates mean for all of us. If you’ve ever found the Fed’s moves confusing or wondered what inflation really is and how it impacts you, this episode is a must-listen.

Inflation, Housing Costs, Groceries, and Your Everyday Life

Williams, joined by Josiah Martin, breaks down complex topics including inflation, the Consumer Price Index (CPI), and the Federal Reserve’s role in stabilizing the economy. Kellen and Josiah discuss how inflation has steadily decreased since the peak of 9.1% in June 2022 to around 2.5%, explaining what that means for everyday expenses like housing and groceries. While prices aren’t dropping, the extreme spikes of the past couple of years are behind us at this time.

The conversation also covers the Fed’s dual mandate of managing employment and price stability, with a recap of how its recent interest rate cuts strive to strike a balance between inflation control and economic growth.

Key takeaways for listeners include potential actions to take in response to lower savings rates, short-term fixed income yields, and refinancing opportunities.

If you’re curious about what all this means for your personal finances and future planning, this episode offers practical advice. Tune in for a full breakdown of the Fed’s recent moves and how you can position yourself for success in a shifting economy. Watch the full episode now to stay informed!

Other Plant. Harvest. Prosper. Podcasts you may enjoy

Listen to Plant. Harvest. Prosper. anytime or anywhere you are with the audio-only version of the podcast that you’ll find on all the most popular podcast platforms, including iHeartRadioSpotifyApple Podcasts, and more.

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