The Federal Open Market Committee (a.k.a. the Fed) recently announced the first federal funds rate cut since March 2020, signaling government interest in stabilizing inflation levels and bolstering the job market.

While the move was not entirely a surprise, the Fed's half a percentage point (50 bps) drop is more aggressive than some experts predicted. Curious what it all means? We've broken down the reasons behind the rate cut, how it will affect the annuity marketplace, and how you can respond - accessing higher interest rates while you can to better serve your clients’ financial needs.

As always, we'll be behind you every step of the way with actionable next steps and the resources you need to succeed, starting with:

• Our guide to the Federal interest rate cut
• IAMS' Top Annuity Solutions
• Product information on IAMS' exclusive MYGIA

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