Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

July 31, 2025

Weak Bitcoin Treasury Companies Won’t Survive The Bear Market

July 31, 2025

August Mortgage Interest Rate Forecast

July 31, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, July 31
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»Numbers To Know: Is The Fed Having Second Thoughts About Rate Cuts?
Real Estate

Numbers To Know: Is The Fed Having Second Thoughts About Rate Cuts?

October 17, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Inflation, along with a robust jobs report for September, is prompting the Federal Reserve to reconsider the pace of cutting the Federal Funds Rate, according to Windermere’s Principal Economist Jeff Tucker.

Whether you’re refining your business model, mastering new technologies, or exploring strategies to capitalize on the next market upswing, Inman Connect New York will equip you to take bold steps forward. The Next Chapter is on the horizon. Be a part of it. Join us and thousands of real estate leaders from January 22-24, 2025.

Key figure for today: 2.4 percent.

This is the annual CPI inflation rate for September, indicating the increase in the Consumer Price Index compared to one year ago. It was a slight decrease from 2.5 percent in August, but it outperformed the consensus forecast of 2.3 percent.

Another important metric is the implied annual inflation rate based on the monthly change, which stands at 2.2 percent. It has shown some volatility, including periods of overheating in Q1, but overall, it has been moderate enough to bring down the annual inflation rate.

Since its peak at 9.1 percent in the summer of 2022, inflation has been on a gradual decline. While the recent decrease is a positive development, the Fed is still concerned that it’s not dropping fast enough.

Coupled with the strong September jobs report discussed earlier, the Fed is now considering a more measured approach to cutting the Federal Funds Rate, especially after the initial half-point cut made in September.

There is even speculation that the Fed may pause on further rate cuts at their upcoming meeting in November.

The combination of a resilient labor market and a slower decline in inflation is leading to an increase in long-term yields, such as mortgage rates. This brings us to another significant figure: 6.64 percent.

As of Friday, October 11, the 30-year mortgage rate stood at 6.64 percent, according to Mortgage News Daily. While it has risen by about half a point in the past month, it is still down by a full point compared to this time last year.

For mortgage rates to resume their downward trend, we will likely need to see evidence of inflation cooling down or signs of a weakening labor market, or possibly both. The increase in interest rates was driven by a strong economy that may have been running too hot, so a more substantial cooldown is necessary to bring rates back down.

Jeff Tucker serves as the Principal Economist for Windermere Real Estate in Seattle, Washington. Connect with him on X or Facebook.

cuts Fed numbers rate Thoughts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

August Mortgage Interest Rate Forecast

July 31, 2025

D.C.’s Most Expensive Home Sales of 2025 So Far

July 31, 2025

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Large lenders have expanded their digital home equity options

September 4, 20240 Views

Revolutionizing the Web with ZK Rollups and Account Abstraction

October 21, 20240 Views

Pepe and XRP for 1,000x Potential

May 3, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Merlin Chain Unleashes Bitcoin’s Ultimate Potential with 2.0 Upgrade

July 31, 20250
Crypto

Weak Bitcoin Treasury Companies Won’t Survive The Bear Market

July 31, 20250
Personal Finance

August Mortgage Interest Rate Forecast

July 31, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.