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In the lead-up to the next U.S. presidential election, there’s a lot of speculation as to how a Donald Trump win would affect the economy. If you’re an investor or a potential homeowner or if you have any major financial decisions to make soon, you should understand how interest rates might be impacted by a second Trump administration.

Former President Donald Trump is once again leading the Republican charge to reclaim the White House. As the campaign rhetoric intensifies, one group keeping a particularly close eye on the developments is the upper class. A Trump victory could potentially mean a wave of policy shifts that could profoundly impact their finances.

The 2024 election is getting closer, and a lot of Americans are wondering how the outcome could affect big life decisions, like buying or selling a home.  If Biden wins again, what can homebuyers and sellers expect for real estate over the next few years? The outcome could have a big impact on your finances and the decisions you choose to make around buying, selling or staying put in your current home.

Federal Reserve officials announced the Fed does not plan to cut interest rates on Wednesday, leaving rates at a 23-year high. While inflation eased last month, a statement from the Fed says inflation “remains elevated” and that officials are “strongly committed to returning inflation to its two percent objective.” This means rates for car loans, credit cards and mortgages will stay relatively the same for the time being.