General World News

How industry forecasters see 2024 shaping up

Screenshot-2024-05-22-at-8.29.49 AM

In late 2023, just before the calendar turned, the financial markets were pricing in six Federal Reserve rate cuts in 2024. After all, inflation had cooled and the Fed appeared to be gearing up to land the plane. For a few weeks, mortgage loan officers told HousingWire reporters that they were quoting some prospective borrowers in the high 5%, low 6% range and maybe, just maybe, this would end up being a pretty good year.

The good times didn’t last long. The labor market has remained remarkably resilient and inflation has been far harder details ⇒

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