Economist with half a percentage point forecast expects further significant interest rate cut in November
The Federal Reserve is probably not done with its massive rate cuts and could make another one in November, said Michael Feroli, an economist at JPMorgan Chase, who correctly predicted the central bank’s move on Wednesday. At its highly anticipated…
Federal Reserve interest rate cuts could help those looking to buy a home
CHATTANOOGA, Tenn. — Many Americans have been waiting for this with bated breath: The US Federal Reserve lowered interest rates on Wednesday for the first time in four years. This half-percentage point cut in the federal funds rate will impact…
Gold rises to record highs after Fed makes first rate cut since 2020
(Bloomberg) — Gold prices fell from a record high after Federal Reserve Chairman Jerome Powell signaled that policymakers were in no rush to cut interest rates sharply following Wednesday’s half-percentage-point rate cut. Most read by Bloomberg Gold, which typically benefits…
Realtor: Fed interest rate cut gives home buyers freedom of choice
The Federal Reserve cut its benchmark interest rate by 50 basis points and its chairman Jerome Powell said the central bank expects the real estate market to normalize as well as interest rates to normalize. Compass Real Estate brokers Tom…
Why do share prices fall after an interest rate cut? This is what the experts think
The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices…
Gold price falls after record high following interest rate cut by US Federal Reserve
Gold prices were unchanged on Wednesday as investors weighed the possibility of an excessive rate cut by the U.S. Federal Reserve later in the day. Peter M. Fisher | The Image Database | Getty Images Gold prices fell after hitting…
Powell downplays impact of interest rate cut on presidential race between Trump and Harris
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy on September 18, 2024 in Washington, USA. Tom Brenner | Reuters Federal Reserve Chairman Jerome Powell…
Federal Reserve cuts interest rates by 0.50 percentage points for the first time since 2020
The US Federal Reserve on Wednesday announced a 0.50 percentage point cut in the benchmark interest rate, the first cut in four years, and is also intended to ease borrowing costs as inflation-stricken consumers struggle with high interest rates on…
Fed rate cut: The Fed rate cut cycle begins today. How it could affect the prices of your stocks
After four years on the global markets, the US Federal Reserve is marking the beginning of a new phase of the rate-cutting cycle. It will cut rates from the current 23-year high between 5.25% and 5.50%. As for the stock…
Lower mortgage rates are coming
So the Federal Reserve just cut its benchmark interest rate by 50 basis points. But what does that mean for us poor souls stuck in a real estate world that feels like purgatory? It’s pretty complicated, but what you need…
