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download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why the rate cuts investors have been praying for might not be the godsend they imagined. But rate cuts won't necessarily be the win markets are hoping for, Business Insider's Jennifer Sor writes. Still, some interest rate traders are predicting rate cuts coming as soon as this March, according to CME's FedWatch Tool. Another key piece of the economy facing headwinds complicates the case for rate cuts being a boon for investors.
Persons: , I've, we're, Patrick Semansky, Jennifer Sor, CME's, Jennifer, Insider's Dominick Reuter, Miles Goodloe, Domenic, Robert Oszust Jr, Domenic Boresta, Alice Brooks, Jennifer Campbell, Sean Jacobsohn, he's, Jacobsohn, Chelsea Jia Feng, They're, it's, Gen, Bradley Cooper, Ben Affleck, Greta Gerwig, Bill, Bill —, Bill Nye, Science Guy, Manolo Blahnik, Jimi Hendrix, Steve Bannon, Bruce Lee, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, Business, Federal Reserve, Fed, UBS, Big Tech, Retail, Walmart, Target, Financial Times, Echo, Khosla Ventures, Science Locations: Washington, Miles, Chelsea, New York City, San Diego, London, New York
HENRYs — high earners, not rich yet — are a wide-ranging group often making over $100,000. Business Insider spoke to six HENRYs across the country about how they're saving amid high inflation. There's a wide variety of experiences and views among self-described HENRYs about their financial situations and goals. AdvertisementTo keep savings high, he fixes many monthly expenses — he schedules four haircuts a year, and he goes to the grocery store once a month. "Even the ones that are older and closer to retirement with $1-2 million in retirement savings, they're feeling the pinch as well, so it kind of made me feel better that I'm not alone," Eric said.
Persons: HENRYs, , Miles Goodloe, HENRY, he's, Goodloe, what's, He's, Robert Oszust Jr, Oszust, we're, Greg, Greg —, he's oversaving, they're, Sherry, She's, she's, Boresta, he'll, I'm, that's, Eric, who's Organizations: Business, Service, HENRYs, Social Security Locations: There's, Connecticut, Washington ,, Ohio
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