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New Inflation Data Cements a Fed Cut Next Week
Producer Inflation Comes In Hot. The Fed Will Still Cut Rates.
Producer inflation remained too high in November, but there were signs of progress below the surface. An interest-rate cut by the Federal Reserve at its Dec. 17-18 meeting remains all but assured. The producer price index jumped by 0.
Mortgage Predictions: New Inflation Data Cements a Fed Cut Next Week
Average mortgage rates surged to around 7% last month, but they've dropped recently, with markets betting that the Federal Reserve will reduce the federal funds rate on Dec. 18.
Wholesale inflation comes in hotter than expected as food prices surge before Fed rate decision
Measured from 12 months earlier, wholesale prices climbed 3% in November, the sharpest year-over-year rise since February 2023.
Barron's on MSN
2h
ECB Just Cut Interest Rates. Expect Its Next Moves to Diverge From the Fed.
But whereas the
Fed
might start slowing down reductions next year, the ECB is more likely to plow ahead. The difference is ...
1d
The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why.
But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average ...
4h
Most Gulf shares rise on Fed rate-cut bets; Saudi extends loss
Most stock markets in the Gulf ended higher on Thursday, in step with a global equity rally after U.S. consumer inflation ...
7h
Home equity rates fall across the board ahead of the Fed’s next meeting
Chief among them: changes to the Federal Reserve’s monetary policy. New home equity loans and HELOCs are tied to the prime ...
1h
Mortgage refinance demand surges 27% as interest rates drop for the third straight week
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) ...
2d
Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January: Reuters poll
The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by ...
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