Aly Yale

With inflation finally waning and the employment landscape shifting , the Federal Reserve finally opted for a cut to its federal funds rate this month.

Depending on your needs, one might be a better choice than the other right now. Here's what you should know.

High mortgage rates and ever-rising home prices have made it hard for homebuyers lately. But with inflation falling and the Federal Reserve cutting rates, things are starting to get a bit easier.

Gold investments come with many benefits. They can serve as a hedge against inflation offset risk in your portfolio and offer a solid way to protect your wealth for the long haul.

Waiting for the price of gold to drop could be a mistake for prospective gold investors. / Credit: Getty Images

Think a recession is coming? Here's why you may want to buy gold.

Consumers have been flocking to gold in recent years to seek a hedge against inflation and a way to safeguard their wealth in challenging economic times.

High interest rates have made it hard for consumers to borrow money in recent years. And credit card rates ? Those have been even worse.

Interest rates have been high for a while, but just last month, things started to change. That's when the Federal Reserve finally adjusted its policy, opting to reduce its federal funds rate for the first time in years.

The price of gold has been on a largely upward trend all year. / Credit: Getty Images/iStockphoto Gold has had a banner year.