Fed cuts interest rate for the third time this year
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Federal Reserve Chairman Jerome Powell warned that housing market struggles will persist despite rate cuts, citing low inventory and affordability challenges for buyers.
The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.
Gold rose on Thursday to hit its highest level in more than a month after the U.S. Federal Reserve's quarter-point rate cut pushed the dollar lower, while silver surged to a record high.
The Federal Reserve’s “manipulations” around the cost of money will drive people into riskier investments as the return environment moderates, Oaktree Capital Management LP co-founder Howard Marks warned,
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
1don MSN
After three consecutive interest rate cuts, investors now confront an uncertain U.S. monetary policy outlook for the year ahead, clouded by persistent inflation, data gaps, and an impending leadership change at the Federal Reserve.
Inflation remains above the Fed’s 2% target and Chair Jerome Powell signaled there is unease within the central bank about lowering rates too quickly. But the White House has leaned hard into rate