As Wall Street braces for a September interest rate cut by the Federal Reserve, Michele Martin, president of Prosperity, an EisnerAmper Company, joins Wealth! to break down how a cut could impact your finances.

Martin notes that while the first interest rate cut will come in September, the Federal Reserve's next cut will likely be in December. As the economy slows, she expects short-term rates — like in savings accounts, for instance — to shift downward. She encourages individuals to "invest and extend those investments" into longer-duration assets.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Melanie Riehl