McFinance Newsletter

The Latest News - Fed's Latest News Drew McFinance August 27, 2025 Hello McFinancers! Here’s your weekly round-up of what’s been happening in the world of money, markets, and macro trends: New predictions from the Federal Reserve’s Jackson Hole event, New Zealand and Sweden central bank begins to cut rates, and Canada eases tariffs. Fed Chair Hints at Rate Cuts This year’s Jackson Hole symposium underscored the Federal Reserve’s difficult balancing act. Chair Jerome Powell signaled a potential interest-rate cut at September’s meeting, but policymakers remain split between fighting inflation—still above the Fed’s 2% target—and supporting a labor market showing early weakness. Political pressures are also mounting, with President Trump openly targeting Fed officials as he pushes for lower rates. Beyond policy divisions, Powell introduced a new monetary framework that focuses more directly on the Fed’s dual mandate of price stability and maximum employment, reinforcing the importa...

Latest News - Bitcoin Backed Loans Drew McFinance August 20, 2025 Hello McFinancers! Here’s your weekly round-up of what’s been happening in the world of money, markets, and macro trends: Bitcoin-backed loans are available, India causes global tension with Russian oil purchase, prep for Jackson Hole as central bank leaders gather for new discussions, and a look at retail spending with tariffs. Rise of Bitcoin Backed Loans There is a growing trend of using bitcoin as collateral for loans, offering crypto holders a way to unlock liquidity without selling their assets. As bitcoin trades above $100,000, long-term investors are increasingly turning to BTC-backed loans to maintain financial flexibility while betting on future price appreciation. Platforms like Coinbase and decentralized protocols like Aave are leading this movement, with custodial and non-custodial options offering different levels of control and risk. While this strategy allows users to borrow cash while retaining crypt...

Hello McFinancers! Is It Smart to Open a New Credit Card Every Year for Perks? Opening a new credit card every year can be a savvy move if done right. It might seem odd to some, but there are real perks to this strategy. Here's one take: A person opens a new card each year specifically to manage a big yearly expense, like car insurance. By choosing a card with a $200 spend bonus and 0% APR for the first year, they're effectively reducing their bill and spreading the payments out over time without extra costs. This approach also yields cashback rewards, adding a little more to their savings. So, why might this be a concern? The main issue is the accumulating credit cards. They pile up if you keep opening new ones and never use them again after the initial purpose. Maintaining a main card for regular spending while keeping others unused can affect your credit score. Yet, they already have a good setup. They maintain a solid credit record, have a healthy emergency fund, and stick ...

Latest News - US-EU Tariffs Drew McFinance July 23, 2025 Hello McFinancers! Here’s your weekly round-up of what’s been happening in the world of money, markets, and macro trends: Nigeria and Argentina banks and how they are reacting with lending and the US-EU tariffs. Progress in US-EU Trade Talks: 15% Tariff Deal on Horizon The latest scoop about the US and the EU working towards a trade deal. It’s interesting because they’re eyeing a 15% tariff for most imports. What’s noteworthy is that these two economic giants are figuring out how to balance their trade relationship. For both sides, this potential agreement could mean smoother business interactions and possibly fewer surprises around trade costs. Let’s see how it plays out and whether this tariff agreement comes through. The potential trade deal between the US and the EU could lead to a more stable market environment. If you’re an investor, this means fewer unpredictable swings and better planning for long-term investments. W...