For Home Shoppers, Fed’s Big Cut Likely Just Small Step Towards Affordability
The Federal Reserve gave home shoppers what they hoped for last month: a big rate cut and a signal of more cuts to come. Even so, aspiring homebuyers and homeowners eager to refinance should temper their expectations of a big drop in mortgage rates from here. While...New Money Laundering Rules Make Agents Report Cash Home Sales
The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate. Under rules finalized just before the Labor Day weekend, investment advisers and real estate professionals will be...Powell at Jackson Hole: ‘The Time Has Come’ for Rate Cuts
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Aug. 23. Powell did not say when rate cuts would begin or how large they might be,...Top Official Says Fed Can’t Risk Being Too Late with Cuts
A top Federal Reserve official warned this month that the Fed needs to cut its key interest rate before the job market weakened further or it would risk moving too late and potentially imperil the economy. In an interview with The Associated Press, Austan Goolsbee,...This Week’s Paper: Digital Edition
