Today on Wealth!, host Brad Smith discusses the top trends moving markets and affecting consumer spending.

As equities (^DJI, ^IXIC, ^GSPC) turn their attention to the Federal Reserve's September policy meeting in two weeks, investors are eagerly awaiting a potential interest rate cut. To shed light on these expectations, Envestnet Solutions Co-CIO and Group President Dana D'Auria joins the show to discuss why market participants should not expect a 50-basis-point reduction.

Wholesale retail giant Costco (COST) announced its first price hike to membership fees in seven years, marking a notable change for its loyal customer base.

Meanwhile, on the healthcare front, Medicare is poised to offer financial relief to beneficiaries over out-of-pocket prescription drug expenses starting in 2025. AARP Public Policy Prescription Drug Policy Principal Leigh Purvis talks more about Medicare's drug cost cap.

This post was written by Angel Smith