Inflation Was Less Than Expected—Rate Cuts Could Be Next

Hey there,

On Tuesday, the latest Consumer Price Index (CPI) numbers dropped, and they came in lower than most economists expected.

Translation? Inflation is cooling off faster than predicted.

That’s big news, because when inflation slows, the Federal Reserve has more room to cut interest rates. And now, many economists are predicting we could see the first rate cut since 2024 at the Fed’s September meeting.

Here’s what it could mean for you:

✅ Borrowing could get cheaper. Lower rates mean better deals on mortgages, personal loans, and credit cards (if you pay them off in full).
✅ Savings account rates might slip. High-yield savings accounts and CDs have been riding the wave of high interest rates. A cut could slowly bring those yields down.
✅ Markets could rally. Stocks often get a boost when borrowing costs drop and economic optimism rises.

Why it matters:

Whether you’re saving, investing, or borrowing, the Fed’s next move will directly impact your wallet. Staying ahead of these changes can help you make smarter money moves before the rest of the crowd catches on.

A smart move right now 💡

If you’ve been holding off on locking in a high CD rate, now might be the time.

Marcus by Goldman Sachs is currently offering up to 4.40% APY on select CDs, one of the most competitive rates in the country. With a Fed rate cut potentially on the horizon, locking in now could protect you from falling yields later this year.

📈 Up to 4.40% APY
💰 Terms from 6 months to 6 years
✅ FDIC insured

👉 See current rates and open an account here »

We’ll keep tracking the latest rate moves and money-saving opportunities so you don’t have to.

Until next time,

-Sean Bryant
Founder, One Smart Dollar
Publisher of The Banking Edge

P.S. Know someone who’d benefit from this heads-up? Forward this email—they’ll thank you later.