Articles for tag: Ahead, Concerns, Cuts, Economic, Election, Fed, Interest, Job, Market, Potential, Presidential, Rates, Shifts, Signaling, Tight

September 19, 2024

The Fed cuts interest rates amid job market concerns, signaling potential economic shifts ahead of a tight presidential election.

The Federal Reserve recently cut interest rates by half a percentage point, responding to concerns about the job Market‘s health. Chair Jerome Powell announced this decision, indicating growing confidence that inflation is moving toward the 2% target. The Fed expects to gradually lower rates further, aiming for a range of 2.75% to 3.00% by 2026. ...

September 4, 2024

Market News

Business

Home Prices Soar Amid Tight Supply and Falling Mortgage Rates in 2024

A recent Reuters poll suggests that average home prices in the U.S. are expected to rise by 5.4 percent in 2024, with further increases projected for the following years. The forecast is influenced by anticipated drops in mortgage rates, which could improve affordability for buyers. However, tight housing supply continues to pressure the Market, making ...