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The president said he was not declaring victory over inflation, but marking a pivot point for the recovery from pandemic recession.
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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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For the past three months, markets have sniffed out September rate cuts and responded accordingly. The key is whether the Fed's future course of action on rates can offset the economic deceleration that its hiking campaign was designed to engineer.
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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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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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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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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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