the Fed's Rate Cut Impacts Mortgage Rates
Digest more
The Federal Reserve is expected to cut its federal-funds rate by 25 basis points during its highly anticipated meeting this week to address growing concerns about the health of the U.S. economy. But most Americans won’t feel a big difference, economists say.
The Federal Reserve's Federal Open Market Committee (FOMC) voted 11-1 in favor of the rate cut, with one dissenting member voting for a more aggressive 0.5-percentage-point cut. The rate cut was accompanied by a decline in bond market benchmark 10-year Treasury yields and a decrease in 30-year mortgage rates.
Homebuilder sentiment remained dour this month, leaving many hoping a Federal Reserve rate cut will revive the housing market.
Comcast is planning to cut jobs at its biggest unit that houses its Xfinity internet, mobile and pay television business, a source familiar with the matter said on Friday, as the company attempts to centralize operations and bolster its broadband business.
The Philadelphia Flyers ' training camp roster is now officially three players shorter. The Flyers have announced that they have assigned goalie Joe Costanzo, defenseman Austin Moline, and forward Nathan Quinn to their junior teams.
Apple today updated Final Cut Pro for the Mac and iPad with support for ProRes RAW video recording on iPhone 17 Pro models, and a few other
Investors in the bond market are adjusting their positioning in the aftermath of the Fed’s shift in monetary policy.
Secretary of State Marco Rubio said the United States would negotiate agreements to deliver aid in new ways and would focus on the Western Hemisphere and Asia Pacific.