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.

Federal Reserve Bank of Chicago President Austan Goolsbee would like to freeze the U.S. economy right where it is today. With inflation closing in on a 2% annual rate, full employment, and gross-domestic-product growth in the neighborhood of 3% annually,

There is no case for more 50-basis-point rate cuts by the Federal Reserve, veteran market strategists told CNBC.

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.

Everything was expected to be straightforward after the Fed cut interest rates last month. In the past 30 years, the Fed has never initiated a rate-cutting cycle without implementing at least three consecutive cuts.

The Federal Reserve recently cut rates for the first time in more than four years. But this could be just the beginning. Find out what you need to know.