Word of the Week:
The Fed

Definition: The Fed is the central bank of the U.S. Its overarching role is to make sure that the country's economy and financial system function smoothly.

Key Takeaway: The Fed aims to keep the U.S. economy and financial system on track.

Challenge: If you invest in the stock market, notice if your stocks go up or down with the announcement of new federal interest rates.

Fun Fact: The stock market typically jumps when the Fed says (or hints) that it might cut rates and falls when it announces plans to hike rates.