But the Fed's recent rate cut, and any future rate cuts that come down the pike in the next year, should not influence your retirement savings strategy. Simply put, if you're still many years away from retirement, you should be putting the bulk of your savings into the stock market.

Federal Reserve Bank of Chicago President Austan Goolsbee would like to freeze the U.S. economy right where it is today. With inflation closing in on a 2% annual rate, full employment, and gross-domestic-product growth in the neighborhood of 3% annually,

The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni.