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

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

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.

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.

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.

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.

As the Federal Reserve is expected to further lower its key interest rate after delivering a 50 basis points rate cut last month, it is likely to strengthen the investment case for ether, which has been trailing behind bitcoin so far this year.

Federal Reserve Chair Jerome Powell on Monday said the U.S. economy is in "solid shape" and that more interest rate cuts can continue if the economy continues to evolve as expected.

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.