Meanwhile, some newly released minutes from last month's Federal Reserve meeting showing officials strongly inclined to lower interest rates with the only dispute seeming to be over how many cuts were coming this year. That's two or potentially as many as three. The Fed deciding on September 17th to lower interest rates by 25 basis points.Joining us right now to talk treasuries and rates is Kamal Shri Kumar. He's the president of Shri Kumar Global Strategies. Would you be lowering rates twice, three times l ...

Core Insights - The Federal Reserve is anticipated to cut its benchmark interest rate for the first time in nine months, amid slowing inflation progress and a cooling labor market [1][3]. Interest Rate Impact - The federal funds rate influences the borrowing and lending rates between banks, indirectly affecting consumer borrowing costs for credit cards, auto loans, and mortgages [2]. - The Fed's dual mandate aims to manage prices and encourage full employment, creating a challenging scenario with inflation above the 2% target and a weak job market [3]. Mortgage Market Effects - A rate cut will have a gradual impact on mortgage rates, with the market already pricing in the cut, making immediate noticeable differences unlikely for most consumers [4]. - Anticipation of the rate cut has led to falling mortgage rates since January, providing some relief for borrowers over time [5]. Borrower Relief - Lower interest rates can ease the financial burden on indebted households, allowing opportunities for refinancing or consolidating debts [6]. Savings Account Yields - Falling interest rates will gradually reduce the attractive yields on certificates of deposit (CDs) and high-yield savings accounts, which currently offer rates around 4% for CDs and 4.6% for high-yield savings accounts [7][8]. - Despite the decline, these rates remain better than recent years, providing a good option for consumers seeking returns on accessible funds [8].

I want to welcome in Torson Slo. He's partner and chief economist at Apollo. He's here with us at Post Nights.Good to see you. Welcome to our program. >> Thanks for having me.>> What does pretend Fed President Sllo do in September. What would your vote be. >> Well, the challenge here is that the dual mandate is of course very torn.On the one hand, inflation is going up as we saw in the PPI data. And when inflation is going up, the Fed should be hiking. On the other hand, the employment report for July was v ...

From @WSJopinion: What can the Federal Reserve do to help itself? The central bank should focus on its dual mandate and not try to solve all the economy’s problems, write Charles I. Plosser and Mickey D. Levy. https://t.co/JVudYRPCRo ...

Monetary Policy Focus - The Federal Reserve should concentrate on its dual mandate [1] - The Federal Reserve should avoid attempting to resolve all economic issues [1] Authors' Perspective - Charles I Plosser and Mickey D Levy authored the opinion piece [1]