Falling Interest Rates and the Housing Market, A Soft Landing for the Economy & Retiree Spending Rules

In this week’s episode of Money Wise, the show kicks off with a review of last week’s numbers out of Wall Street. The Dow Jones Industrial Average rose by 515 points (1.3%), the S&P 500 gained 80 points (1.4%), and the NASDAQ climbed 246 points (1.4%). Year-to-date, the Dow is up 9.2%, the S&P 500 is up 18.1%, and the NASDAQ is up 19.1%. The Money Wise guys discuss the anticipated interest rate cuts by the Federal Reserve, with Chair Jerome Powell signaling a potential 0.25% reduction at the Jackson Hole symposium, which boosted market confidence. They noted that […]