In case you missed it, the Federal Reserve cut interest rates Friday by a quarter point, dropping the rate range to 4.5 to 4.75%. A modest cut, but a sign that inflation continues to cool. 

This is down from a four-decade high of 5.3% before September's meeting. The Fed had kept its rate that high for more than a year to fight the worst inflation streak in four decades. Annual inflation has since fallen from a 9.1% peak in mid-2022 to a 3 1/2-year low of 2.4% in September.

Despite the cut, Federal Reserve Chair Jerome Powell warned the rising deficit and current fiscal policy in the government is "unsustainable. This comes just days after a presidential election.

Ryan Bouchey of the Bouchey Financial Group joins Spectrum News 1 to discuss the rate cut and all things investment related.

You can watch the full interview above.