Before the Fed lowers interest rates, make these 4 money moves to prepare your finances

The Federal Reserve is expected to lower interest rates soon — and the central bank’s move could bring opportunities for borrowers, savers and spenders alike. 

Fed Chair Jerome Powell said last week that “

the time has come” for rate cuts — leading investors and analysts to speculate that the first cut could come as early as next month, when the Fed next meets, and that more cuts will come over the following 12 months.