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In a highly anticipated move affecting global markets, the Federal Reserve made a significant announcement on March 20, 2024. The Fed opted to keep interest rates unchanged for the fifth consecutive time. This decision reflects a cautious approach to managing monetary policy, considering the challenges and opportunities in the current economic landscape. Let’s delve deeper […]
In his long-awaited speech to Congress, Jerome Powell, the head of the Federal Reserve, emphasized a careful but confident plan for managing U.S. interest rates amidst ongoing struggles with inflation. Powell’s words to Congress on Wednesday echoed a message of caution and reliance on data, showing that while lowering interest rates is a possibility, it’s […]
As frustration mounts across America due to the limited availability of homes, various significant factors have surfaced as culprits contributing to the tight grip on housing inventory. The Challenge of Rising Mortgage Rates and Home Prices According to the real estate giant Redfin, last year was the least affordable year for home-buying on record. As […]
