Reading Time: < 1 minuteWashington, D.C. – The Federal Reserve today announced its third consecutive interest rate cut of 2024, reducing its benchmark rate by 0.25 percentage points. This move aims to stimulate economic growth and combat potential inflationary pressures. The central bank lowered Read more…
Reading Time: 2 minutesIn a surprising move, the Federal Reserve announced today a significant cut to the federal funds rate. The central bank lowered the target range for the federal funds rate by 50 basis points to 5.00% to 5.25%. This is the Read more…
Reading Time: 2 minutesThe Federal Reserve made waves in the financial world this week by opting to hold steady on interest rates. This decision, keenly anticipated by economists and consumers alike, comes as the nation wrestles with inflation and the delicate dance of Read more…
Reading Time: 4 minutesIn August, consumer prices saw a modest uptick, driven by a surge in oil prices, leading to an increase in headline inflation, according to the latest report from the Bureau of Labor Statistics unveiled on Wednesday. The Consumer Price Index Read more…
Reading Time: < 1 minuteHistorically speaking, what will happen with mortgage rates in 2023 is a little more complex than what will happen with mortgage rates in 2022. The Federal Reserve has raised rates several times over the past few years. The rate hikes Read more…
The Economist – Science and Technology
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