Fed Cuts Rates by Another Quarter Point
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Mortgage rates jump after Fed Chair Powell says a December rate cut's uncertain. Will they drop again and what this could mean for the housing market.
The Fed Reserve cut its key interest rate this week as it continues driving in the dark amid the ongoing shutdown.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
Stocks and bonds initially rallied after the central bank cut interest rates on Sept. 17, but began giving up those gains before Federal Reserve Chair Jerome Powell started his post-meeting press conference.
Follow MarketWatch's live coverage of Wednesday's Federal Reserve decisions, after the central bank cut interest rates by 25 basis points and said it's ending its program of "quantitative tightening" on Dec.