Fed’s December Rate Cut: What It Means for Your Wallet

Explore the Federal Reserve's anticipated December interest rate cut and its potential impact on the economy, from mortgage rates to employment prospects. We also delve into Australia's slow economic growth, the latest JOLT report's insights on consumer spending, and the paradox of rising unemployment amid strong GDP growth. Join us for a comprehensive analysis of these economic shifts and their implications for your financial future.

Sources:
https://www.forbes.com/sites/simonmoore/2024/12/03/fed-leans-toward-a-december-interest-rate-cut/
https://www.abc.net.au/news/2024-12-04/australias-economy-grew-by-0-3-per-cent-/104684416
https://www.pymnts.com/economy/2024/beyond-the-numbers-decoding-the-jolt-reports-impact-on-consumer-spending/
https://www.dallasfed.org/research/economics/2024/1203

Outline:
(00:00:00) Introduction
(00:00:37) Fed Leans Toward A December Interest Rate Cut
(00:03:11) Australia's economy grew by 0.3 per cent, its slowest pace in decades
(00:06:15) Beyond the Numbers: Decoding the JOLT Report's Impact on Consumer Spending
(00:09:22) Rising unemployment doesn’t counter signs of strong GDP growth