Opinion
The Fed’s Big Rate Cut Wasn’t Political. It Was an Economic No-Brainer.
But while the Fed’s action will surely have political consequences, it wasn’t a political decision. The straight economic case for a rate cut was overwhelming; the case for a big cut was very strong. Not cutting would have been political. And the Fed didn’t let itself be bullied into inaction.
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
22hon MSN
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
1hon MSN
Jason Furman, Harvard Kennedy School professor and former CEA chair, joins 'Squawk Box' to discuss the Fed's inflation fight, ...
Gold hovered near record levels on Friday and was on track for a weekly gain after the U.S. Federal Reserve's recent ...
19hon MSN
Fed Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the ...
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