Fed's interest rate cut could boost car sales
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.
See how the Fed rate cut is already impacting the area’s housing market
Pending sales and new listings of homes in the Baton Rouge area continued to decline in August. Still, there could be a light at the end of the tunnel after the Federal Reserve announced a cut in … Already an INSIDER?
Fed's long-awaited rate cut raises hopes for home, auto sales
The half-point reduction is expected to kick off a series of reductions extending into 2025, providing relief for prospective car and home buyers.
Something big is happening in the housing market: What Fed rate cuts will actually do
On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates, starting with a .50 percentage point (50 bps) cut this month. The Fed also signaled that additional cuts were likely in their final two meetings this year in November and December, and more next year.
Fed Rate Cut Could Speed Up Some Annuity Sales
The cut sets the federal funds rate target range at 4.75% to 5%. The effect could be especially good for variable and indexed annuities, because many consumers now hold contracts issued when interest rates were very low, he said.
What does the Fed interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the aftermath of the Fed’s rate cut on Wednesday, the yield on a 10-year Treasury bond ticked slightly upward, defying the nudge downward by the central bank.
The Fed Rate Cut May Give Harris a Boost – but Just a Small One
How much it will reshape the 2024 White House race is unclear, but it may pay a small dividend to Vice President Kamala Harris. That’s because the reduction – a signal of optimism from the central bank that the war on inflation is being won – could mean smaller payments on things like credit cards and car loans,
Homebuilder Stocks Rise as Fed Rate Cut Looks Good For Mortgages
Key Takeaways Homebuilders shares rose after the Fed announced a 50 basis point interest rate cut Wednesday. Bank of America increased its price target for seven hombuilders by an average of 11%. Lennar will report earnings after the bell Thursday,
The Fed's interest rate cut could boost car sales
On September 18, the Federal Reserve cut its benchmark interest rate target 0.5 percent, and that could have positive ripple effects throughout the automotive industry.
Fed lowers interest rates with surprising jumbo half-point cut
For the first time since the early days of the coronavirus pandemic, Federal Reserve officials cut interest rates and signaled that even more could be coming. In a more aggressive move than expected,
Why Rate Cuts May Not Boost These Stocks as Much as You Might Think
Small-cap stocks were rising on Thursday amid a broad market rally after the Federal Reserve kicked off its long-awaited rate-cutting cycle with a big half-percentage point cut yesterday.
BofA now expects Fed to go for 0.75-percentage-point cut in fourth quarter
BofA Global Research was the only major brokerage to raise its forecast for the Federal Reserve's anticipated interest-rate ...
Will Tuesday's Retail Sales Data Affect the Fed's Decision?
Key Takeaways Retail sales increased by 0.1% in August, bucking economist projections of a decline but slowing down from July ...
August Retail Sales Beat. Why It Won’t Be a ‘Game Changer’ for the Fed.
Spending rose at a faster clip than expected in August as American consumers once again proved their hardiness against ...
Fed blackout period lifts with Waller due on CNBC at 11:30
The U.S Federal Reserve's blackout period on public comment around meetings of the central bank lifts on Friday after a key ...
Home sales slumped to lowest August level since 2010. But they’re poised to soar after the Fed finally cut interest rates
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
FedEx stock falls as company narrows its full-year forecast
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.