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The Rate Update —Here's Why the Fed Can't Cut Rates (Yet)
The Rate Update — Here's Why the Fed Can't Cut Rates (Yet)The Federal Reserve meets today — and the big question for homeowners and homebuyers is simple:Why can’t the Fed cut rates yet?Even if inflation is cooling in some areas, the Fed still has a problem. Core inflation, mortgage rates, Treasury yields, oil prices, jobs data, and market expectations all matter. And today may be especially important because this could be one of Jerome Powell’s final Fed meetings as Chair.In this episode, we break down what the Fed is likely to do, what Powell may say after the meeting, why the market may…
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