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    FED RATE CUT HOPES

    Mortgage rates dropped to 6.3% but homebuyers aren't returning. Here's why it hasn't happened

    Mortgage rates have fallen to 6.3%, near 11-month lows, but the housing market continues to struggle as home prices rise and buyers remain hesitant. Contract cancellations reached 15% in August, the highest since 2017, while inventory climbs and affordability concerns persist across major markets

    Fed's Musalem leans toward supporting October interest rate cut

    St. Louis Federal Reserve President Alberto Musalem indicated a potential interest rate cut is on his mind. He stated he could support a reduction if job market risks appear and inflation stays under control. However, Musalem stressed the Federal Reserve should not follow a predetermined plan. His comments were made before a financial meeting.

    Signs of disaster: Americans drown in record $1.33 trillion credit card debt, and it’s still climbing

    US credit card debt 2025: Americans owe a record $1.33 trillion in credit card debt. Millions of families are using credit cards for daily needs like groceries and gas. Inflation continues to strain budgets. Recent Federal Reserve rate cuts have not provided significant relief. Many households face high interest rates on their credit card balances, making it an expensive way to borrow money.

    Further rate cut today runs the risk of an overdose, says RBI MPC member Ram Singh

    Ram Singh, an external member of the central bank's Monetary Policy Committee, believes an immediate rate cut poses an overdose risk. He states that existing monetary and fiscal measures are still impacting the economy. Singh emphasizes tracking both nominal and real GDP growth. He also notes that low inflation negatively affects businesses and public finances.

    Fed’s Kashkari: Labor market risks higher than inflation spike
    Dollar set for weekly slide as trade, shutdown concerns weigh

    The dollar is on a downward trend, fueled by escalating global trade disputes and indicators of a sluggish U.S. economy. This shift bolsters the argument for the Federal Reserve to consider lowering interest rates. As a result, investors are gravitating towards safer assets such as gold and cryptocurrencies.

    The Economic Times
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