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Podcast: Money Life with Chuck Jaffe
Episode: IAA's Cofrancesco: Fed will cut, but questions if they'll be felt on Main Street
Description: Ed Cofrancesco, chief executive officer at International Assets Advisory, says there is a disconnect between Wall Street and Main Street, where the economy has been great for stocks but consumers have been feeling the pain. He is hoping to see rate cuts from the Federal Reserve, with the impacts trickling down to Main Street in ways that might perk up some of the soft data and consumer sentiment, and that could help people avoid falling into the trap of spiraling debt. Stefan Sharkansky, creator of The Best Third, discusses his research, which shows that the classic "4% Rule" — wh...