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Fed Rate Cut

All articles tagged with #fed rate cut

financial-markets16 days ago

Asian Markets Climb as Gold and Silver Reach All-Time Highs on Fed Rate Cut Hopes

Asian stocks reached six-week highs and precious metals surged, especially silver hitting $80 per ounce, amid expectations of a Federal Reserve rate cut next year, which also pressured the dollar. Gold and silver experienced significant gains, with gold on track for its best year since 1979, driven by rate-cut bets and safe-haven demand. Stock markets across Asia posted strong gains, with South Korea's Kospi leading, while the yen strengthened slightly amid mixed signals from the Bank of Japan. Investors are focused on upcoming Fed minutes to gauge future rate moves.

via Reuters|
#asian-stocks#dollar#fed-rate-cut
business28 days ago

US Mortgage Rates Remain Near 2025 Lows Despite Fed Rate Cut

Despite the Federal Reserve's rate cut, mortgage rates increased, leading to a 3.8% decline in total mortgage applications, with refinancing applications dropping 4% and purchase applications falling 3%. The rise in rates has impacted loan demand, although refinance activity remains high compared to last year, and mortgage rates have slightly decreased at the start of the week amid ongoing economic data releases.

via CNBC|
#business#fed-rate-cut#home-loans
finance2 months ago

Mortgage and HELOC payments decline following October Fed rate cut

Following recent Fed rate cuts, the average 30-year fixed mortgage rate is now 6.17%, leading to a monthly payment of approximately $4,273.67 on a $700,000 loan, which is lower than earlier rates and can result in significant savings for borrowers. Shorter-term 15-year loans and refinancing options are also discussed as ways to potentially reduce costs further.

via CBS News|
#fed-rate-cut#finance#interest-rates
economy2 months ago

Jerome Powell Warns of AI's Impact on Job Creation

Federal Reserve Chair Jerome Powell highlighted the impact of AI on the labor market, noting a slowdown in job creation and increased layoffs linked to automation, which complicates the Fed's policy decisions amid a bifurcated economy where higher-income households benefit while lower-income consumers struggle. Despite strong investment in AI, employment remains weak, creating a dilemma for monetary policy as the economy shows signs of divergence.

via Fortune|
#ai#automation#economy
business2 months ago

Mortgage Rates Fluctuate Amid Economic Shifts, Influencing Homeownership and Refinancing Trends

Mortgage rates surged higher after the Fed's rate cut, contradicting common expectations that rates would benefit. The increase was driven by market reactions to Fed Chair Powell's comments, which caused volatility and a reassessment of future rate expectations, illustrating that Fed rate cuts often have limited immediate impact on market rates.

via Mortgage Daily News|
#business#fed-rate-cut#federal-reserve
business2 months ago

Futures Climb Amid Optimism on China Trade Talks

Dow Jones futures and major indices rose on hopes of a near-final U.S.-China trade deal, amid a week of significant earnings reports from tech giants like Apple, Microsoft, and Google, and an upcoming Fed rate cut. The market rally continues with record highs, driven by AI and infrastructure spending, while geopolitical and economic developments remain closely watched.

via Investor's Business Daily|
#business#china-trade-deal#earnings
business2 months ago

Markets Rise on Earnings, Inflation Data, and Trade Optimism

The stock market reached record highs with a strong rally driven by major tech earnings and AI investments, amid ongoing US-China trade negotiations, tariff hikes, and a Federal Reserve rate cut expected this week. Key stocks like Apple, Microsoft, Nvidia, and Broadcom are in focus, with market strategies advising gradual exposure amid upcoming news events.

via Investor's Business Daily|
#ai-boom#business#earnings