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Federal Reserve to consider first interest rate cut in four years
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Approved, Fox Business, National

Federal Reserve to consider first interest rate cut in four years

By Eric Revell | Fox Business The Federal Reserve on Tuesday begins a highly anticipated two-day meeting where policymakers are expected to cut interest rates for the first time in four years as stubborn inflation shows signs of continuing to ease. The Fed's policymaking arm, the Federal Open Market Committee (FOMC), kicks off its meeting on Tuesday and will announce its decision regarding interest rates on Wednesday, when Fed Chair Jerome Powell will also shed light on the central bank's thinking at a press conference. After its last policy meeting in July, the Fed kept its benchmark federal funds rate steady at a 23-year-high range of 5.25% to 5.5% but opened the door to interest rate cuts if inflation continued to ease. Inflation data showed that price growth slowed t...
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Your mortgage payment may drop, if Federal Reserve starts lowering interest rates in September
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Approved, National, The Street

Your mortgage payment may drop, if Federal Reserve starts lowering interest rates in September

By Charley Blaine | The Street So, you are scouring websites and newspapers, trying to find that perfect house or condo. But you're worried about one thing.  Where will mortgage rates be when the sale closes? The short answer: Ask the Federal Reserve and Chairman Jerome Powell.  The betting, at least this past week, is the Fed may cut interest rates in September. A different answer is: Follow the 10-year Treasury yield mortgage rates available on the internet. Mortgage rates track Treasury yields.  READ THE FULL STORY AT THE STREET
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