Published On Sep 6, 2024, 1:30 PM
The latest jobs report for August suggests a moderation in the labor market, which keeps the Federal Reserve on track for a potential 25 basis point rate cut. The data shows slower job growth, hinting at a cooling economic activity. As the Fed continues to navigate inflation concerns and economic performance, this trend may lead them to further lower rates to support economic growth.
Positive
Investors should keep a close eye on interest rate-sensitive sectors such as real estate and utilities, which typically benefit from lower borrowing costs. The anticipated rate cut could lead to increased investment in these sectors as financing becomes cheaper.
Oct 10, 2024, 12:46 PM
Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.
SERHANT. real estate founder, CEO and broker Ryan Serhant analyzes Florida's insurance 'crisis,' the market's current pulse and where mortgage rates are headed.
Oct 3, 2024, 4:00 AM
Federal Reserve Chair Jerome Powell has made it clear the central bank isn’t in a 'hurry' to bring interest rates down, but that will be put to the test this fall with a series of job reports starting Friday.