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Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
While 2024 saw… Powell, who is expected to serve out the rest of his term, indicated late last year that the Fed will likely reduce rates more slowly in 2025 amid a “new phase.”
The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
After four straight weeks of sharp movement upward, mortgage rates open the week elevated though stable as of Monday, April 29, 2024, ahead of tomorrow's Federal Reserve's policy committee meeting.
The Fed is widely expected to hold interest rates steady this Wednesday at its first policy meeting of 2024. Investors will be looking for any clues about when cuts could begin.
The Federal Reserve is scheduled to hold its final two-day meeting of 2024 on Dec. 17 and 18. ... Several Wall Street banks are forecasting another 25-basis-point cut from the Fed next week ...
Investors watched carefully for dot plot changes, but instead got some much bigger news: Jerome Powell and the Fed see 2024 growth coming in at almost double what was expected.
Accessed April 30, 2024. Mortgage Industry Insights, Bankrate. Accessed April 30b, 2024.Federal Reserve is set to b. 2024 Housing Market Prediction: Lower Mortgage Rates, National Association of ...