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Fed’s 1st rate cut in 4 years
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.
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,
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.
Reuters on MSN
1d
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 ...
3h
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.
22h
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 ...
The New Civil Rights Movement
1d
GOP Furious Trump-Appointed Fed Chair Cut Interest Rates ‘This Close to an Election’
In recent years Republicans have been accused of making up rules or redefining existing practices and policies across at ...
19h
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 ...
Money Digest on MSN
6d
Car Insurance Rates Are Rising Fastest In These 5 States, Per New Report
In addition, we'll take a look at the states with the highest auto insurance rates (it's not the same as the fastest risers), ...
1d
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, ...
1d
on MSN
U.S. Home Sales Surprise Fall in August Despite Easing Mortgage Rates
Sales decreased 2.5% month on month to a 3.86 million according to a report from the National Association of Realtors ...
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