Traders bet on Fed December rate cut after inflation data
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
The big picture: The housing market is still trying to understand what a second Trump presidency means, and how the Federal ...
The Fed's quarter-point cut was widely expected by economists. Mortgage rates generally follow the path of that benchmark rate – but not recently. When the Fed met in September, it cut rates by ...
When inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by discouraging borrowing. It does ...
Gold prices rebounded from a three-week low on Thursday on the back of a weaker dollar and as investors awaited the U.S.
These are today's mortgage and refinance rates. Mortgage rates are down slightly today, but they're still higher than they've ...
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