Federal Reserve Chair Jerome Powell warned that the housing market’s problems aren’t going away anytime soon, saying recent interest rate cuts are unlikely to improve affordability or ease the tight supply of homes meaningfully. Powell made the comments during a press conference on Wednesday after Fed officials voted to cut the benchmark federal funds rate … Read more
After weeks of uncertainty over whether the Federal Reserve will cut interest rates for the third time this year, the growing consensus is that the central bank is likely to move forward with a 25-basis-point cut on Wednesday — even if officials aren’t fully aligned. “This is a hard call,” said Alan Blinder, former Fed … Read more
Stocks wrapped up Friday’s session just shy of fresh record highs, with the S&P 500 stopping just under the 6,900 mark as a nervous bond market eyed the week ahead. Investors are gearing up for a packed few days, highlighted by the Federal Reserve’s final meeting of 2025 — and Chair Jerome Powell’s last scheduled … Read more
The US housing market in 2025 is keenly watching to see if a US rate cut could bring new opportunities for homebuyers. Whenever the Federal Reserve changes interest rates, it impacts not only banks but also the pockets of ordinary people and the real estate market. This can be a crucial time, especially for those … Read more