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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
17h
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 ...
23h
Interest rates are finally coming down this year. Here’s what that means for 5 common investments.
Wealth Enhancement Group analyzed federal resources, including Fed research and FINRA guidance, to see what lower interest ...
23h
on MSN
Republicans Are Livid About … the Fed Lowering Interest Rates
Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates ...
12h
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 ...
23h
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 ...
23h
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
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged via the overnight discount window by 50 basis ...
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