Watch live coverage as Federal Reserve Chairman Jerome Powell speaks after reaching a decision on interest rates. Powell has faced repeated criticism from President Trump and frequent calls to lower interest rates. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that ...

Economic Overview - The housing market is cooling down due to high interest rates, which lead to elevated mortgage rates [1] - Housing Starts for August were reported at 1.307 million seasonally adjusted annualized units, marking a decrease from 1.429 million in July, the lowest since May [2] - Single-family homebuilding decreased by 7% month over month and 12% year over year, while multi-family units fell by 11% month over month but increased by 15% year over year [3] Mortgage Rates and Homebuilder Sentiment - As of mid-last month, 30-year fixed mortgage rates were around 6.5%, currently down to approximately 6.13%, which may lead to a rebound in housing starts [4] - Building Permits also declined to 1.312 million, indicating a softening in future housing starts [5] - Homebuilder sentiment dropped by 2 points, with affordability being a significant concern; Toll Brothers remains the only major homebuilder with a strong outlook [6] Federal Reserve Expectations - The Federal Reserve is expected to cut interest rates for the first time in 2025, with a potential 25 basis-point cut anticipated [7][8] - Fed Chair Jerome Powell's press conference will be crucial for insights on future rate cuts and the Fed's strategy moving forward [9] - There may be discussions regarding the Fed's asset runoff, particularly concerning mortgage-based securities, to support the housing market [10]

I'm Yahoo Finance executive editor Brian Saus and you're taking a look at a live shot of the opening bells on Wall Street on this Fed decision Wednesday morning. StubHub ring the bell at the New York Stock Exchange to celebrate its IPO day. Aco getting things popping over at the NASDAQ. You can see friend of the show Dan Eyes ringing that bell. I think he's the chair of that company. Good uh good stuff Dan there with your pink outfit. Uh, all right. Having said all that, the holiday officially has arrived f ...

Let's get back to the big market moves ahead of one of the most highly scrutinized Fed meetings of the year. The central bank widely expected to cut rates by 25 basis points tomorrow, its first cut since December amid continued pressure from President Trump. While major averages were little change today, gold settled at its 35th record of the year.The dollar traded near more than three-year lows and rate sensitive regional banks got hit hard. Bank first, Synchrony Financial, Huntington Bank shares, Keycorp ...

Canada just cut rates by 25bps.Do you know what comes next?HIGHER ...

Doesn’t matter what the rate decision is. Higher by end of week. Much higher before month end ...

JUST IN: 🇨🇦 Bank of Canada cuts rates 25 bps to 2.5%, matching estimates.🇺🇸 Fed rate cut decision coming at 2:00 PM EST, with Powell speaking at 2:30. ...

The Bank of Canada cut interest rates as the economy and labor market show damage from US tariffs, but kept tight-lipped on any future path for monetary easing https://t.co/MZsjAjCXRT ...

🇺🇸 Drop a LIKE if you think the Fed will cut rates today. https://t.co/lFj52oyh95 ...

Fed Could Lower Interest Rates Today—Here’s What To Watch Forhttps://t.co/pfAVsTl21r https://t.co/XR8Mj2waEn ...