Finally on 18^th September 2024, the Federal Reserve in the U.S. announced a significant interest rate cut of 50 basis points (0.50%). This decision is meant to stimulate the U.S. economy, and it has important implications not just for America but also for countries like Australia. As a wealth coach, I want to break down what this means for Aussies!

 When the Federal Reserve lowers interest rates, it makes borrowing cheaper for both consumers and businesses. This can lead to several outcomes:

1. Increased Consumer Borrowing: With lower loan costs, people are more likely to buy big items like homes and cars. This boosts demand and helps the economy grow.
2. More Business Investment: Companies can borrow more easily, allowing them to invest in new projects, hire more employees, and expand their operations.
3. Stock Market Effects: Lower interest rates generally make stocks more appealing compared to...