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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💸 Fed keeps rates level... so what?

Published 11 days ago • 1 min read

Good morning to you Reader,

The Federal Reserve opted to keep rates the same in their July FOMC meeting. If you peek at the CME Group's FedWatch tool, traders believe there's an 80%+ chance the Fed drops rates in the September meeting.

With the poor job numbers last week and the unpredictable nature of these tariffs, the economy is looking a bit shakier. Traders are anticipating the Fed will have to make a move.

If the Fed drops rates, interest rates across the board will fall too. If you have short term savings you want to lock up, you'll want to do it within the next few weeks.

(and while you're at it, consider a bank via Raisin because they have a $1,000 bonus offer right now)

​(View this email as a webpage)​

💸 Where to put $10,000 in savings

For MSN, I break down where you can put $10,000 in the short term and keep it safe while getting a modest return.

If you've been reading my stuff for a while, you'll be familiar with the list. If not, it's a good primer.

​👉 Where to put $10,000 right now​

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💵 $600 tariff rebate?

A few weeks ago, Sen. Hawley proposed a $600 tariff rebate. It's basically a stimulus check but paid for by the billions being collected in tariffs.

Good idea or nah?

​👉 $600 Tariff Rebate?​

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📅 Don't forget sales tax holidays!

Maryland is having their sales tax holiday this next week (Aug 10-16), it's a modest offer though - no taxes on the first $40 of a backpack and none on any clothing or footwear less than $100.

Here's a full schedule from Nerdwallet:

​👉 Sales tax holiday schedule​

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What did you think of today's email?​
✅ I Loved It! 🟨 It Was Okay ❌ Not My Favorite​

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Talk to you soon!

Jim

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PS. Relationships are the key to happiness.​

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​(see archive of previous emails)​

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Hi, I'm Jim Wang and I share my strategies and tactics for managing your money and enjoying more out of life.

💵 Founder of WalletHacks.com

I have been writing about money for nearly 20 years and believe that personal finance is one of those subjects that is made complicated because it benefits a select few. Our aim is to help make it easier to understand so that regular folks can use what we teach to take control of their money and build wealth.

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