The market continues to price in the possibility of a rate cut in 2025, which could be a big mistake. Despite inflation falling from COVID highs, it remains hot and uncooperative. Even if data for January and February are weaker than expected, the inflation trend remains flat, not downward, and does not correspond to the … Read more
After sharply raising rates to fight inflation, the Federal Reserve is signaling it will cut rates at a more measured pace. After a larger-than-usual 0.5 percentage point cut in September, the central bank’s rate-setting committee last week cut the benchmark rate by a further 0.25 percentage point. The Federal Reserve’s benchmark federal funds rate affects … Read more
The Federal Reserve just announced another rate cut. But will it matter to nervous homebuyers waiting for mortgage rates to fall? On Thursday, at the end of its November meeting, the Fed announced a 0.25 percentage point cut to the federal funds rate, or the rate at which banks lend each other money overnight. The … Read more