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The S&P 500 rose 1.7 percent on Thursday, rallying a day after the Federal Reserve cut interest rates by half a percentage point.
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Global stocks rally as investors bet that the central bank's move will support US economic growth
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Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
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In a speech Thursday following the Federal Reserve's interest-rate cut, President Joe Biden talked up the importance of the U.S. central bank's independence while criticizing Republican presidential nominee Donald Trump's stated desire to wield more influence over the Fed.
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Federal Reserve Chair Jerome Powell did a "great job" of explaining the reasons for an aggressive interest-rate cut in a "non-scary way," former New York Fed President William Dudley said Thursday.
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The Fed's decision to cut interest rates by 50 basis points reflects its growing confidence in taming inflation and a renewed focus on supporting the job market.
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People who bought homes in the past two years may want to seek a lower interest rate. Here's how to think it through — and how to shop.
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Home sales slumped in August. But they're poised to soar after the Fed finally cut interest rates CNNAugust home sales drop more than expected, as prices set a new record CNBCU.S. Home Sales Slipped in August Despite Falling Mortgage Rates The Wall Street Journal
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Dow pops 500 points as Wall Street rallies a day after big Fed rate cut: Live updates CNBCStocks surge a day after Federal Reserve's first interest rate cut since 2020 CBS NewsStock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rally Yahoo FinanceRate Cuts: Markets Got Powell's Message — Smaller for Longer Bloomberg
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Mortgage rates are coming down — and home buyers are ready to pounce The Washington PostFrom mortgages to auto loans, experts weigh in on when — or if — to refinance as interest rates fall CNBCShould You Refinance Your Mortgage? The Fed's Big Cut Changed the Math The Wall Street JournalThe Fed finally cut interest rates. But don't expect a quick boost for housing Quartz
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