The Fed has made two extremely anticipated price cuts in 2024, reducing its official price for the primary time in 4 years to 4.75% from round 5.5%. That, nonetheless, might come as a shock to the roughly 85 million holders of residential mortgages within the US, who’ve seen retail lending charges improve for the reason that Fed started its rate-cut cycle. Why has the Fed’s financial coverage shift not had its anticipated influence? Introduced by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
