A Federal Reserve rate cut on Wednesday could supercharge an already strong stock market. JPMorgan’s trading desk says that, when the Fed lowers its benchmark lending rate while the S & P 500 is within 1% of its all-time high, the index soars on average by nearly 15% over the next year. The traders also noted that this trend is …
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Will the Fed cut rates on Wednesday? See 5 economic charts that may determine its decision.
The Federal Reserve’s rate decision on Wednesday is shaping up to be its most consequential of the year, with most economists predicting the first cut of 2025. The real suspense is over how deep the reduction could be — and whether the Fed might signal a broader pivot that could set the course for the rest of the year. So …
Read More »Childhood vaccination rates are backsliding across the U.S.
Some children have compromised immune systems or illnesses that prevent them from getting vaccines. Increasingly, however, families are citing “religious” or “personal” reasons for forgoing vaccination. That kind of excuse has been repeatedly encouraged by Kennedy, who says vaccination is a “personal choice.” HHS has notified schools and clinics that receive federal money from the Vaccines for Children Program, which …
Read More »Gold Rises to Fresh Record With Fed Seen Cutting Rates This Week
(Bloomberg) — Gold rose to a new a record high as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week and looked for clues on further rate cuts this year. Bullion traded above $3,682 an ounce on Monday, after gaining for four consecutive weeks. Investors see a quarter-point cut this week, following signs …
Read More »Mortgage Rates Start Week at Another Long-Term Low
Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September account for about half of the total drop thanks to weaker results in the jobs report. Since the September 5th jobs report, rates have held a sideways-to-slightly lower range that’s resulted in several additional “lowest since” headlines. There’s nothing …
Read More »How does the Fed influence mortgage rates? Here’s what to know as policymakers consider trimming borrowing costs.
The Federal Reserve is widely expected to lower its benchmark interest rate this week for the first time since December of 2024. A rate cut would give Americans a sliver of relief on a wide range of loans, but would it bring down mortgage rates? Average rates for a 30-year fixed-rate mortgage fell to 6.35% this week, its lowest level in …
Read More »Black women in the South face highest rates of hysterectomies
Tanika Valbrun plays with her 4-month-old son, Jasai Kristian Valbru, at home in Lithia Springs. Valbrun was told she needed a hysterectomy but sought an alternative surgery that preserved her ability to have children. (Hyosub Shin/AJC) Tanika Gray Valbrun walked out of the doctor’s office, the grief slowly starting to suffocate her. Tanika Gray Valbrun walked out of the doctor’s …
Read More »The Fed faces economic uncertainty and political pressure as it decides whether to cut rates
WASHINGTON (AP) — In a sign of how unusual this week’s Federal Reserve meeting is, the decision it will make on interest rates — usually the main event — is just one of the key unknowns to be resolved when officials gather Tuesday and Wednesday. For now, it’s not even clear who will be there. The meeting will likely include …
Read More »Mortgage Rates Are Finally Falling. Here’s Why They Can Move Fast. – The Wall Street Journal
Mortgage Rates Are Finally Falling. Here’s Why They Can Move Fast. The Wall Street Journal Mortgage rates are falling fast. Is it a good time to buy a home? ABC News When to refinance your mortgage? What you need to know Fortune What’s next? Mortgage rate predictions for the next 5 years Yahoo Finance Don’t expect mortgage rates to fall after the Fed’s interest-rate …
Read More »Russia cuts interest rates again but frictions with government remain – POLITICO
“At our meeting in October, a lot will depend on the parameters of fiscal policy that will be ultimately proposed,” Governor Elvira Nabiullina told a press conference. In its statement, the CBR also noted a recent sharp rise in gasoline prices across Russia, caused by a succession of drone attacks by Ukraine on the country’s oil refineries. However, it expects …
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