• The Fed Finally Cuts Rates, but Will It Even Matter? w/NYT’s Jeanna Smialek

  • Sep 26 2024
  • Length: 38 mins
  • Podcast

The Fed Finally Cuts Rates, but Will It Even Matter? w/NYT’s Jeanna Smialek

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  • The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say? With a bolder rate cut than many of us expected, homebuyers, business owners, and real estate investors are seeing the light at the end of the high-rate tunnel, where borrowing money and buying houses could come at a lower cost. But with markets already anticipating a rate cut, did the recent cut even really matter? Today, Federal Reserve reporter from The New York Times, Jeanna Smialek, shares her thoughts on what the Fed move meant after studying them full-time for over a decade. Jeanna believes that the Fed feels confident, even if this recent rate cut was overdue. Inflation has seen a substantial dropoff, but on the other hand, unemployment is rising, and Americans are getting nervous. Did the Fed move fast enough? Jeanna also shares the future rate cuts we can expect from the Fed, with more potentially coming this year and a sizable series of cuts already lined up for 2025. How significant will the cuts be, and will they be enough to stop unemployment from getting out of control? How will rent prices and home prices move due to more rate cuts? We’re answering it all in this episode! In This Episode We Cover The Fed’s recent 0.50% rate cut explained and their forecast for 2025 rate cuts The signal the Fed is sending by making a bigger rate cut (and preparing for more to come) Why the Fed decided NOW was the time to finally cut rates (and whether it was too late) Inflation updates and good news for the slowing of growing prices Housing affordability and whether or not these rate cuts will help homebuyers/renters And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find Investor-Friendly Lenders See Dave at BPCON2024 in Cancun! Dave's BiggerPockets Profile Federal Reserve Cuts Rates By 0.50%, a Bigger Cut Than Expected Read More from Jeanna Get Jeanna’s Book, Limitless: The Federal Reserve Takes on a New Age of Crisis Grab Dave’s Newest Book, “Start with Strategy” Jump to topic: 00:00 Intro 01:40 The Fed Makes a BIG Move 05:31 Why Now? 07:40 Effects of a 0.50% Rate Cut 12:16 Inflation Trends 15:07 Will Home and Rent Prices Rise? 22:42 2025 Rate Cuts 27:20 How the Fed Has Changed Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-255 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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