Nicole Lapin

If the market already priced in or thought a cut was about to happen and the Fed delivers one, you might not even see much of a reaction.

If the Fed does nothing when the market expected or thought there would be a cut,

It kind of feels like a punch in the gut.

So just expect some volatility on June 17th.

Here's my prediction.

I do not think Warsh is going to cut rates to make the president happy while inflation is running at 3.8%.

That would be the single fastest way to destroy the Fed's credibility.

And whatever you might know about or think about Warsh, maybe based on some of the social media I did about him, he is not a reckless guy.

He knows that a central bank that loses credibility on inflation has nothing.

So I think he's going to hold.

If you're waiting for your mortgage rate to fall dramatically, though, in 2026, I would make peace with the current reality and plan accordingly.

For today's tip, you can take straight to the bank.

I mentioned earlier that I would tell you about high yield savings accounts.

High yield savings accounts are exactly what they sound like.

Accounts that have a much better interest rate than traditional savings or checking accounts.

If you're keeping your savings in a checking account, you are killing me softly.

Seriously, I'm like Tinkerbell.

Every time I hear somebody say that they don't believe in high yield savings accounts.

a little part of me dies inside.

If your money is sitting in a checking account, you're earning less than 0.1% interest.