The U.S. Federal Reserve announced Wednesday that it will keep its benchmark interest rate unchanged at 5.25 to 5.50 per cent. Fed Chairman Jerome Powell has indicated a potential rate cut might come at the next policy meeting in September.

Stockhouse recently sat down with Albert Mason, a prominent financial advisor with Raymond James. Mason has also worked with industry giants such as Merrill Lynch and JP Morgan. His wealth of knowledge and expertise brings a fresh perspective to tailored financial strategies for his client’s portfolios.

Check out the video above to hear Mason break down what the Fed’s hold-steady-for-now approach means. Mason also talks about what analysts forecast for September and what strategies you should consider for your portfolio.

Be sure to stay up to date on all the latest stock market news at Stockhouse.com.

Join the discussion: Find out what everybody’s saying about the Federal Reserve rate cuts and more by checking out Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

More From The Market Online

Serve Robotics expands autonomous Uber deliveries in Florida

Serve Robotics (NASDAQ:SERV), an autonomous delivery company spun out from Uber in 2021, is expanding its services into Fort Lauderdale.
Cannabis Report above an image of cannabis

StockTalk | Cannabis Report: 2025 in review

Several TSX healthcare stocks that cater to various aspects of the healthcare market are listed on the TSX, including notable cannabis stocks

@ the Bell: TSX lifted by strong earnings from Big Six banks

The TSX Index added more than 1 per cent on Thursday driven by strong earnings from Canada’s Big Six banks.

Take advantage of the panic: Why buy Rheinmetall, Almonty Industries and DroneShield now?

Rheinmetall, Almonty and DroneShield benefit from defense and critical-metal trends, offering growth despite volatility and governance risks.