Talk about anticlimactic, right? Millions of renters and homeowners have been waiting all year for the Federal Reserve to lower interest rates. Everybody just kind of assumed that lower government borrowing rates would have a direct impact on mortgage rates. But one week on from the Fed’s hotly anticipated rate cut, and mortgages haven’t moved a muscle. If anything, some rates actually ticked up right after the Fed’s announcement. More News from Barchart So, what gives? Unfortunately, there are a coupl ...

The Federal Reserve just delivered a long-awaited quarter point rate cut this week. But what does that actually mean for your money. It can affect everything from your bank accounts to loans to credit cards and even your investments.I'm joined now by Yahoo Finance personal finance editor Casey Bond to break it all down. So Casey, let's start with the basics here. How does a Fed rate cut affect checking and savings accounts.>> Sure. Well, checking and savings account rates are set by individual financial ins ...

Mortgage rates are at the lowest levels we've seen in a year. Well, the Federal Reserve's benchmark interest rate does not directly affect mortgage rates. They are connected.So, how will a cutting cycle affect the housing market. Lawrence Yu, National Association Realtors chief economist is joining me now. Good to see you, Lawrence.We also have the backdrop of uh housing starts which showed some weakness, the lowest since May last month. So, that reflecting one part of the housing market as well. But as the ...

Core Viewpoint - The Federal Reserve's recent action is characterized as an "insurance rate cut" by Bill Dudley, a former New York Fed President and Bloomberg Opinion columnist [1] Summary by Relevant Categories - **Federal Reserve Actions** - The rate cut is described as a precautionary measure to safeguard the economy [1]

⚡️ Question: How big will the Fed’s next rate cut be: 25 bps, 50 bps, or none at all? 👇🏻👇🏻 ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell with a global simulcast that starts right now. Carol Massar and tim Stenovec back from vacation.Welcome to our audiences across all of our bloomberg platforms, radio, television, our partnership with YouTube here on a day where we're seeing the broadest base rally in US stocks since at least late May. I so love when you are jealous of something that we do. I a ...

Core Insights - U.S. inflation increased modestly in August, with consumer prices rising 2.9% year-over-year, up from 2.7% in July, while core inflation remained steady at 3.1% for the second consecutive month [1][2][4] - The Federal Reserve may have the opportunity to cut interest rates at its upcoming meeting, with traders indicating a 100% chance of rate cuts, including a 90% likelihood of a 25-basis point cut [3][4] Economic Indicators - The labor market appears weaker than previously thought, with job reports revised down by 911,000, suggesting potential challenges in hiring and demand [2][3] - The stock market has responded positively, with the S&P 500 and Nasdaq reaching record highs, driven by recent economic data indicating cooler producer prices [4] Consumer Sentiment - Despite inflation not rising rapidly, many Americans continue to feel financial pressure, as evidenced by increased car repossessions and rising costs in fast food and coffee [5] - A survey from the New York Fed indicated a record low of 44.9% probability for respondents to find a new job if they lost their current one, reflecting concerns about job security [6]

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RT 🚨BSC Gems Alert🚨 (@BSCGemsAlert)JUST IN: 🇺🇸 Markets see 97.6% chance of Fed rate cut. https://t.co/njUtGkQDkG ...