Money News: Why The Fed Paused Interest Rates, The CFPB, and “Dumb Money”

Learn why the Fed paused interest rates. Plus: the Supreme Court's CFPB hearing, NFT prices, and a new GameStop movie. Join hosts Sean Pyles and Anna Helhoski as they break down the latest headlines in the world of personal finance. They explain the Supreme Court's upcoming hearing on the constitutionality of the Consumer Financial Protection Bureau's funding structure, the risks of investing in "dumb money" like the Powerball lottery and NFTs, and the new movie "Dumb Money," which tells the story of the GameStop stock-buying phenomenon. They then have an in-depth discussion about the impact of the Federal Reserve's interest rate decisions on the financial lives of Americans. They explain how interest rates work and how they can impact the economy and individual financial lives. They also offer some tips for Americans who are concerned about the impact of rising interest rates. In their conversation, the Nerds discuss: the Supreme Court, the Consumer Financial Protection Bureau (CFPB), the lottery, NFTs, Dumb Money, GameStop, meme stocks, the Federal Reserve, interest rates, the US economy, credit card interest, inflation, and personal finance news. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com . Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices