Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since economic strength means less chance of further rate cuts.

Discover the best stocks to buy now after the Fed rate cut. Explore top picks that could benefit from lower rates and enhance your investment strategy today.

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.

The labor market remains in a good place overall—neither too hot nor too cold,” said the Boston Fed president.

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.

(Reuters) -Federal Reserve Governor Adriana Kugler said on Tuesday she strongly supported the U.S. central bank's recent interest rate cut and will support further reductions if inflation continues to ease as she expects.

Promotions on CDs already aren't as good as they were in January, but some attractive yields of 4% or higher remain on one-year CDs.

Mark Cabana, BofA global research head of US rates strategy, says the Federal Reserve will deliver a string of 25 basis point interest rate cuts through March of next year. Cabana also says a 10-year yield in the 4% to 4.

Many are more optimistic and open to new projects because their own costs are easing and they expect consumers to be more willing to spend.

The Fed has already lowered interest rates once this year and is likely to do it again. Read on to see when that might happen -- and what it means for you.