Interest rates have been so low for so long that further cuts may not do a lot to stave off a slowdown, the economist Austan Goolsbee says. Source: NYT > Business – Austan Goolsbee
Lower Rates Already Hit Housing. They’re Not Helping Much.
If the market since mortgage costs recently fell is any indication, a similar move by the Fed may not have the impact it once did. Source: NYT > Business – Matt Phillips
Why the Fed Cut Rates: To Try to Fix Last Year’s Mistake
Not a recession-fighting measure per se, but a recalibration of strategy, and a recognition that the world has changed. Source: NYT > Business – Neil Irwin
Fed Cuts Interest Rates for First Time Since 2008 Crisis
The Federal Reserve cut its benchmark interest rate as it tried to insulate the economy from President Trump’s trade war and a global slowdown. Source: NYT > Business – Jeanna Smialek
The Fed May Cut Interest Rates. Here’s What That Means for You
The expected quarter-point cut is unlikely to get you a better mortgage rate. At least not right away. Source: NYT > Business – Jim Tankersley
What to Watch Ahead of the Fed Meeting
The central bank appears poised to cut interest rates for the first time since the financial crisis. Here’s what to keep an eye on. Source: NYT > Business – Jeanna Smialek