The central bank has just voted to cut interest rates by a quarter percentage point. This is the first rate cut since December of last year. This is also the first interest rate decision involving President Trump's new pick for Fed Governor Steven Myron.He has taken a temporary leave from his regular post at the White House. Some economists have raised concerns over what this unusual move means for the independence of the central bank. Let's get right to NBC News business and data correspondent Brian Chung. ...

From the Desk of Anthony Pompliano0:00 The FED Cuts Rates By 25bps0:44 Why The FED Should Have Cut 50bps4:01 Historically, The Market Rallies For New Fed Chair Nominee5:27 Darius Dale Interview From The Independent Investor SummitEnjoy! https://t.co/1vDcaJMlW5 ...

Market Domination host Julie Hyman and anchor Josh Lipton speak with Wall Street and Federal Reserve insiders following the central bank's September FOMC meeting, its decision to cut interest rates 25 basis points, and key takeaways from Fed Chair Jerome Powell's latest remarks. For more Market Domination videos, please visit: https://finance.yahoo.com/videos/series/market-domination/ #youtube #stocks #fedratecuts About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio ...

Housing Market & Monetary Policy - Interest rate hikes exacerbate housing affordability issues, potentially hindering household formation and wealth accumulation [1][2] - Lowering interest rates aggressively during the pandemic helped housing companies by providing credit and financing [2] - Rate changes tend to affect mortgage rates, which in turn influence housing demand [2] - Analysts believe significant rate changes are needed to substantially impact the housing sector [3] - Achieving maximum employment and price stability creates a strong economy beneficial for housing [3] Housing Supply & Demand - A nationwide housing shortage exists, particularly around metropolitan areas [4] - Building farther from metropolitan areas increases costs [4] Economic Forecasting - Forecasting is very difficult, especially in uncertain times [5] - Forecasters currently lack great confidence in their projections [5]

Quarter of a point, David. Yeah, this was largely expected, Katie, uh, going into this meeting. It's what Wall Street thought would happen here.And and the reason for it is there there is a sense on many members of this committee that the Fed is a bit behind the curve here when they look at the labor side of the Fed's dual mandate. So for so long really since co a huge focus has been on the inflation picture and inflation remains higher than the Fed would like it to be. The target is around 2%.We're still r ...

Labor Market Data Revisions & Reliability - Preliminary benchmark revisions showed a decrease of 911,000 jobs [1] - June saw the first negative revisions since December 2020 [1] - The QCW provision aligned closely with expectations due to a predictable overcount in recent quarters [2] - Data becomes more reliable by the second or third month as more responses are collected [6] - If benchmarks reveal that 51% of jobs initially reported were inaccurate, it indicates a weaker job market at the beginning of the year [7] Data Collection Challenges & Solutions - Low response rates are a significant issue affecting data accuracy across various surveys [4] - The Bureau of Labor Statistics is actively working to address data inaccuracies, particularly related to the birth-death model for new companies [3] - Addressing low response rates requires sufficient resources for data collection agencies [5] - The birth-death model, which estimates job creation from new companies, is difficult to predict, especially during economic changes [3][4] Monetary Policy & Data - The Fed bases decisions on interest rates using data that may be noisy [1] - Policy decisions are based on current conditions rather than past data [8]

Quarter of a point, David. >> Yeah, this was largely expected, Katie, uh, going into this meeting is what Wall Street thought would happen here. And and the reason for it is there there is a sense on many members of this committee that the Fed is a bit behind the curve here when they look at the labor side of the Fed's dual mandate.So for so long really since co a huge focus has been on the inflation picture and inflation remains higher than the Fed would like it to be. The target is around 2%. We're still ...

🚨 FED cut interest rates by 25bps, bringing the target range to 4% - 4.25%.What does it mean? Wrong answers only 👇 https://t.co/fyhZK09TAh ...

The Fed cuts rates. We boost them.Kraken+ subscribers now earn up to 4.75% APR on $USDG balances for the next 3 months.Subscribe today and get your first month free. ⤵️https://t.co/Y2iWaVkoxZGeo restrictions apply. https://t.co/6rKAWg6hEh ...

BREAKING: 🇺🇸 POWELL SAYS THERE’S NO RUSH TO CUT OR HIKE RATES ...