Opinion
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
Beyond the immediate headlines generated by the Fed's 50 basis point interest rate cut, it is policymakers' revised outlook ...
14hon MSN
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
The Federal Reserve just cut interest rates by 50 basis points, citing cooling inflation and signs of economic slowdown. This ...
Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent ...
11hon MSN
Fed Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the ...
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