Your Cheddar hosts Kristen Scholer and Tim Stenovec discuss the top news of the day. A recent study is blowing the conception that millennials are bad at saving out of the water. Plus, the Federal Reserve has a new Chairman....but they're coming in at a time where the U.S. dollar is at its lowest. All these and more on today's episode of Your Cheddar.
According to a new report, 16% of millennials have $100,000 or more in their savings account. Which proves that millennials may actually know what they're doing with their money. Other findings: 59% feel financially secure, 63% save money and 54% are budgeting.
Plus, Jerome Powell will take over for Janet Yellen as Federal Reserve Chairman in early February. Powell has been a Federal Governor since 2012. However, Powell is stepping into this position as the U.S. dollar is at its weakest point since 2014. The dollar's continuing decline is driven by a growing belief that major central banks outside the U.S. will shift away from their ultra-easy monetary policies this year.
FIFA’s soccer World Cup promises to deliver $11.1 billion in spending and $30.5 billion economic impact for the U.S., but how much is it really helping?
Bill Adams, Chief U.S. Economist at Fifth Third Bank, breaks down the Fed's latest decision, inflation risks, and what Kevin Warsh's debut means for markets.
Lou Whiteman, Contributing Aerospace Analyst at The Motley Fool, discusses SpaceX's volatile first week of trading and what investors should watch next.
