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US Fed makes aggressive 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.
Will the Federal Reserve cut interest rates again this year?
By the end of 2024, interest rates will fall nearly another half of a percentage point from their current level of between 4.75% and 5%, according to FOMC projections. Interest rates will drop another percentage point over the course of 2025, the projections further indicated.
Biden celebrates the Fed cutting interest rates: “And they’re expected to go down further.”
"This is a moment, in my view, for business to feel greater confidence to invest higher and to expand. It's a moment for individuals to feel greater confidence buying a home, a new car, starting a family,
20h
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, ...
Reuters on MSN
18h
Biden expects Fed to continue cutting interest rates
WASHINGTON, Sept 19 (Reuters) - U.S. President Joe Biden said on Thursday he expects the Federal Reserve to continue cutting ...
16h
on MSN
Republicans Are Livid About … the Fed Lowering Interest Rates
Donald Trump and Republicans accused the Federal Reserve of election interference after the central bank slashed interest ...
59m
Trump could run into trouble with temporary cap on credit card interest rates
Former President Donald Trump promised the country he would place a temporary cap on credit card interest rates if he returns to the White House.
13h
on MSN
‘Watch out’: Economist’s terrifying outlook for Aussie interest rates
An economist has warned Australia has been left “exposed to inflation that’s really destructive”, days before the Reserve ...
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
Sales of previously occupied US homes hit slowest annual pace in nearly a year last month despite falling mortgage rates
Sales of previously occupied US homes hit slowest annual pace in nearly a year last month despite falling mortgage rates ...
1d
on MSN
Fed institutes mega interest-rate cut of 50 basis points as labor market cools
The Federal Reserve cut interest rates on Wednesday for the first time since March 2020, lowering the Fed funds rate by 50 ...
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