Fed Cuts Interest Rate by a Quarter Point, but Don't Expect Big Declines for Mortgages Yet
In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.
The news: The Federal Reserve on Wednesday delivered its third interest rate reduction in three months, but it bundled the ...
The report comes two days after the Federal Reserve moved up its 2025 inflation projection and moved down its 2025 rate cut ...
The central bank is widely expected to make its third interest-rate cut of 2024 Wednesday, at its last meeting of the year.
Policymakers reduced the benchmark interest despite signs that their nearly three-year fight to push down inflation to their ...
The Federal Reserve is no longer just recalibrating, but entering a new phase on monetary policy. Fed Chair Jerome Powell ...
Northeast Santa Rosa – the North Bay’s broadest submarket – saw the introduction of only 21 new single-family homes for sale ...
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The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at ...
The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly 3%, closing at 5,872.
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