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Federal Reserve, rate cut
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. But much more housing demand will likely be unleashed onto the market after the Federal Reserve finally cut interest rates this week for the first time in four years — and signaled more rate cuts by year’s end.
How The Fed’s Interest-Rate Cuts Could Impact The Labor Market
The Fed's decision to cut interest rates by 50 basis points reflects its growing confidence in taming inflation and a renewed focus on supporting the job market.
US Fed cuts interest rate by 50 basis points, more to come
The Fed announced a cut of 50 basis points and lowered its key rate to roughly 4.8 per cent, Associated Press ( AP) reported. This is down from a two-decade high of 5.3 per cent, where it had stood for 14 months, as it struggled to curb the worst inflation streak in four decades.
8h
Dow finishes week in record territory following Fed's interest rate cut
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
1d
on MSN
Biden to take victory lap on economy after historic fed interest rate drop, White House says
The White House chief of staff recalled how Biden came into office with what he described as “a once-in-a-generation pandemic ...
1d
on MSN
Biden praises interest rate cuts, slams Trump’s economic plans in DC speech
Biden said the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he ...
2d
on MSN
Kamala Harris, Homeowners Brace for Interest Rate Decision
With the presidential election less than two months away, a drop in interest rates could be good news for the Democratic ...
11d
on MSN
Prediction: Here's What the Average Credit Card Interest Rate Will Be in 2025
The average credit card interest rate is almost certain to go down next year. But will it give consumers any relief? Find out ...
1d
US Home Sales Fell in August Despite Easing Mortgage Rates, More Homes on the Market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
1d
on MSN
Asian shares bathed in Fed afterglow, yen jittery ahead of BOJ
Asian shares extended their rally on Friday, bathing in the afterglow of an outsized interest rate cut in the United States, ...
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