Why are prices still high if the inflation rate is dropping
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The New York Times - Business
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.2 hours ago - Federal Reserve -
CNBC - Business
August home sales drop more than expected, as prices set a new record
The median price of an existing home sold in August was $416,700, up 3.1% from August 2023.2 hours ago -
NBC News - Top stories
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors.3 hours ago -
CBS News - Top stories
Personal loans vs. credit cards: Which is better as interest rates drop?
Both options have unique benefits in today's cooling rate climate. Here's what to know now.4 hours ago -
Financial Times - World
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you6 hours ago -
MarketWatch - Business
Car buyers face a stubborn problem that Fed interest-rate cuts can’t solve: record-high prices
The Federal Reserve’s long-awaited interest-rate cut is finally here, but prospective car buyers hoping it will bring down the cost of loans shouldn’t hold their breath, experts say.7 hours ago - Federal Reserve -
MarketWatch - Business
Oil prices rise after Fed delivers big interest-rate cut
Oil futures rose Thursday, gaining ground alongside global equities and other assets perceived as risky, a day after the Federal Reserve delivered a large interest-rate cut and set the stage for ...7 hours ago - Federal Reserve -
The New York Times - Business
How Inflation and High Interest Rates Have Changed the Economy
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.9 hours ago -
MarketWatch - Business
Biden heralds progress on inflation and interest rates, but says work still ahead
In a speech Thursday, President Joe Biden plans to celebrate the Federal Reserve’s interest-rate cut while stressing his administration’s inflation-fighting efforts aren’t over.9 hours ago - Joe Biden -
Financial Times - World
Why the Fed opted for the big rate cut
As US inflation eases, the central bank is now focused on its other mission: protecting jobs14 hours ago - Federal Reserve -
CBS News - Top stories
Why the Fed cut interest rates for the first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for ...18 hours ago - Federal Reserve -
MarketWatch - Business
Investors renew focus on inflation data as Fed weighs size of expected September rate cut
Wednesday’s consumer-price index for August may end up being the deciding factor as to whether the Federal Reserve will deliver a bigger-than-usual, 50-basis-point rate cut on Sept. 18.20 hours ago - Federal Reserve -
BBC News - Top stories
US interest rates cut by 0.5% in first drop in four years
The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.21 hours ago -
CBS News - Top stories
Why borrowers shouldn't wait for rate cuts to fix their debt
Interest rate cuts may not be worth waiting for if you're stuck with high-rate debt. Here's what to consider now.21 hours ago -
Inc. - Business
Advantages of Buying a Business During High Interest Rates
Contrary to common wisdom, investors can succeed in this economic environment.22 hours ago -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...22 hours ago - Federal Reserve -
CBS News - Top stories
Is a CD still worth it now that the Fed has cut rates?
Are CD accounts still valuable with interest rate cuts? Here are three reasons why they're still worth opening.Yesterday - Federal Reserve -
The New York Times - Business
Fed’s Interest Rate Cut Would Cap a Winning Streak for Harris and Biden on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race.Yesterday - Joe Biden -
The New York Times - Business
What Trump Has Said About Interest Rates, and Why It Matters
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.Yesterday - Donald Trump -
MarketWatch - Business
Attractive Nvidia and Alphabet prices could be a stock-market October surprise. Here’s why.
Tech giants look cheap on an earnings-growth basis, while U.S. stocks overall can resist seasonal weakness.Yesterday -
CBS News - Top stories
How high will gold prices climb this October? Here's what experts think
Experts are bullish on gold for October, despite some market uncertainty. Here's what investors should consider now.Yesterday -
CNBC - Business
28-year-old made 15 offers, went $65,000 over asking price and still got rejected: The housing market is ‘a slap in the face’
To afford a home in many American cities, first-time buyers increasingly need to be wealthy or rely on family help, and they are losing hope.Yesterday -
MarketWatch - Business
Inflation hangs over the Fed as it prepares to cut interest rates
The challenge: Keep interest rates low enough for the U.S. economy to expand, but not so low as to overheat labor markets.Yesterday - Federal Reserve -
ABC News - World
UK inflation is steady at 2.2% ahead of Bank of England's next rate decision
The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares ...Yesterday - United Kingdom -
MarketWatch - Business
Here are the pros and cons if the Fed cuts interest rates by 50 basis points instead of 25
Yardeni: Consumers would welcome a large interest-rate cut, but the Fed’s first step should be small.Yesterday - Federal Reserve -
The New York Times - Business
Why Uncertainty Still Hangs Over the Fed’s Rate Decision
Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.Yesterday -
BBC News - Top stories
Inflation holds steady despite jump in air fares
Lower fuel prices helped offset the higher cost of flying in the year to August.Yesterday -
Financial Times - World
August inflation data takes BoE September rate cut off the table
Core and services inflation ticked up, though the overall direction of travel remains positiveYesterday -
The Guardian - World
UK inflation stays at 2.2% as lower petrol prices offset by higher air fares
Annual rate in August unchanged, and hovering above Bank of England’s 2% target. Business live – latest updates The UK’s annual inflation rate rose by 2.2% in August, matching the increase in ...Yesterday - United Kingdom -
ABC News - Top stories
Gas prices are plummeting. Experts explain why.
In 16 states, an average gallon of gas costs less than $3.Yesterday -
CBS News - Top stories
What will happen to gold prices after the Fed cuts rates?
Here's what you can expect to happen to the price of gold after the Fed rate cut happens this week.2 days ago - Federal Reserve -
CBS News - Top stories
Many first-time home buyers locked out of market by competition and high prices
Many prospective first-time home buyers feel like they're at a disadvantage as they face high interest rates and competition from a spiking number of all-cash offers. CBS News correspondent Nancy ...2 days ago -
CBS News - Top stories
How far will mortgage interest rates drop this week?
The Fed is set to issue its first rate cut since 2020 this week. Here's how far mortgage interest rates could then drop.2 days ago - Mortgage -
CBS News - Top stories
How to make CD accounts valuable as interest rates drop
There are ways to make CD accounts valuable even as interest rates fall. Here's how to get the most out of them.2 days ago -
CBS News - Top stories
Is debt relief worth it as interest rates drop? Experts weigh in
Interest rates on credit cards and loans may begin to drop. So should borrowers still use debt relief services?2 days ago -
The Guardian - World
Here’s the real ‘enigma’ about Charlotte Owen: why we still take sexist gossip so seriously | Marina Hyde
OK, it’s not great to put a 29-year-old in the Lords – but trouser-rubbing ‘journalists’ spreading innuendo can’t back it up with a shred of evidence. Hello there. Today I would like to talk about ...2 days ago -
Inc. - Business
Why Company Growth Rate Equals Career Opportunity Rate
Your company's growth rate is a valuable talent retention tool.2 days ago