"Could somebody please inform Jerome 'Too Late' Powell that he is hurting the Housing Industry, very badly?"
"People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut."
"The Fed now has four months of evidence of a slowdown in labor demand that appears more persistent in nature . . . In short, ignore where inflation is today and ease policy to support the labor market,"
A poll of 107 economists forecasts a quarter-point Federal Reserve interest-rate cut to 4.00%-4.25% from roughly 4.25%-5.5%. The Fed held rates higher over the past year to curb inflation by making borrowing more expensive and slowing spending. Consumer prices rose 2.9% year-over-year in August, above the 2% goal. Unemployment claims surged to 263,000, the highest since October 2021, and payroll data were revised down by 911,000 jobs. Political pressure and rising labor-market weakness have increased calls from some economists to ease policy to support job growth and lower consumer borrowing costs.
Read at Fast Company
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