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The Fed's cut was 'more hawkish than anticipated,' Moody's Zandi says — and warns it won't be enough to stave off a looming jobs recession | Fortune
The market didn’t get the dovish signal it was looking for.
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fortune.com
BofA sees 'path to a 5% mortgage rate' if the Fed pulls off these 2 things | Fortune
But it won't be enough to help most Americans afford a home.
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Amid weak hiring and White House attacks, the Fed lowers rates—its first move in 2025 and a test of Powell’s independence | Fortune
Stephen Miran, Trump’s pick to join the Fed, dissented against the group, voting in favor of the stronger half-point cut.
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lemonde.fr
US Fed makes first rate cut of 2025 over employment risks
The Fed made its last rate cut in December and held rates steady until now, as it monitored the effects of Trump's tariffs on inflation.
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The Fed's cut was 'more hawkish than anticipated,' Moody's Zandi says — and warns it won't be enough to stave off a looming jobs recession…
The market didn’t get the dovish signal it was looking for.