Interest Rates Are Going Down

Two major developments stand out this week: across the pond, the U.S. Federal Reserve has taken a decisive step by cutting interest rates by 0.5% (more than expected by most), aiming to spur economic growth amidst ongoing global uncertainties. Meanwhile, here, the Bank of England has chosen a path of caution, holding interest rates steady to navigate through inflation concerns and market sensitivities.

What does that mean for the average Brit? Even though the base interest rate has stayed flat, we are seeing mortgage lenders cutting rates to compete for customers with some options at under 4%. It’s always difficult to know when to ‘lock in’ to a ‘good’ rate and the BBC article link below looks at this more. For UK investors with a diversified, global portfolio, the US Fed interest rate cut should be positive news for investment markets which is reflected in the tables below with 2 major US stock indexes now at +20% for 2024.

Key Articles I Have Read This Week:

• BBC look at the dangers of being what they call a FOMO mortgage hunter as interest rates start to fall. Useful read if you’re near to remortgaging: Read it here

• Al Jazeera covered the US Fed reducing interest rates by 0.5% nicely. This was a bigger than expected cut and some of the reasons are covered here: Read it here

Investment Markets This Week:

Best Cash Savings Rates This Week

One more thing to share….

I am going to be at the Women’s Wellness Event hosted by Creations on 20th November at Graylingwell Chapel in Chichester.

Creations Hair Salon and Jane Bulbeck Skin Care are thrilled to announce a Women’s Wellness Event on 20th November at the historic Graylingwell Chapel. This educational event, sponsored by Glowwa Hair Vitamins, promises an afternoon of inspiration, learning, and networking, featuring over 20 exhibitors, insightful talks, and engaging workshops from 2:00 PM to 7:00 PM.

The Women’s Wellness Event aims to bring together women from across the community to explore the latest trends and innovations in the beauty and wellness industries. Attendees will have the opportunity to connect with leading experts, discover new products, and participate in workshops designed to enhance their well-being and personal care routines.

All profits are going to Sage House Dementia Care.

You can book a ticket here: https://lu.ma/1xq1hc14