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Interestingly, mortgage rates were already on the decline ahead of the rate cut. Believe it or not, the Federal Reserve — aka the nation’s central bank — doesn’t set mortgage rates ...

On today's podcast: (1) Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market ...

The Federal Reserve last month kicked off an easing cycle with a big 50 bps rate cut, the first reduction in more than four years. Traders now expect it to hold off from further aggressive ...

"The Fed went big and cut 50 bps to get ahead of downward trending labor market data, while also projecting 100 bps of cuts for 2024," writes Sonu Varghese, global macro strategist at Carson Group.

"It was too big a cut and everyone knows that was a political maneuver that they tried to do before the election," he added. It was the most direct critique from Trump of Powell in months and came ...

“The risks are more likely than not tilted toward a pause (in December) rather than” a half-point cut, said Barclays economist ... Even after the big downward revisions to payroll gains ...

At the same time, there is a consensus that the central bank would cut the interest rate by a big margin when it unveils its monetary policy on Nov 4. A debate over cut in interest rate has ...