Atlanta Fed GDP Tracker Revised To 3.0% Growth In Q3; Focus On Fed's Rate Cut Move Today
We note that the Atlanta Fed GDP tracker was revised yesterday to 3.0% growth in Q3. Benchmark 10-year yields are 3-5 bp ...
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
The annual inflation rate in August was 2.5%, but core inflation remained sticky at 3.2%, according to the latest Consumer ...
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Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data
The Federal Reserve cut interest rates for the first time since March 2020 on Wednesday ... manufacturing surveys ...
Rally over? Homebuilder stocks’ big gains may have already priced in Fed rate cut
Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall ...
Asian Markets Track Wall Street Record To Extend Global Rally
Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen ...
Fed meeting today: Fed decides on aggressive 50 basis-point cut in interest rates.
The rate of U.S. inflation is still on track to slow to the Fed’s 2.0% goal in 2026, the central bank predicted. Many economists believe the rate of inflation, using the Fed’s preferred PCE price ...
Fed Goes Big to Protect the Labor Market
The Federal Reserve lowered its benchmark interest rate by a half percentage point on Wednesday, an aggressive start to a ...