General World News

DataDigest: Did a Fed meeting change everything for 2024?

Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks to retreating mortgage rates in the year to come.

A day after publication, Federal Reserve officials made several of their own forecasts – most importantly that the “appropriate policy path” for the Federal funds rate next year will be for it to decrease 0.75 percentage points, implying three cuts of 0.25 percentage points.

Those economic projections from the 19 members of the Federal Open Markets details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com