Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the…
The post Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal appeared first on RISMedia.
According to the National Association of Home Builders’ (NAHB) Home Building Geography Index (HGBI), quarter 4 of 2023 showed signs of single-family home construction picking up. This “stirring” is attributed to “moderating” mortgage rates (i.e. demand is picking up) and the lack of inventory necessitating new construction. However, the multifamily building sector showed either negative…
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