Further rate cuts in question
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Mortgage rates stayed near 6.3% after the Fed’s December cut, as officials weigh further moves amid persistent housing shortages.
Waller said that the current level of rates is still putting downward pressure on growth. He said the Fed could cut rates by “50 to 100 basis points” to get rates down below 3%. That’s the level that ...
The Bureau of Labor Statistics released the November consumer price index which showed that CPI inflation remained well above the Federal Reserve's 2% target rate.
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