Fed Cuts Target Rate By 25 Basis Points, Treasury Yield Curve Rises, Mortgage Rates Drop

#bubble, #inflation, Economy, Existing Home Sales, Fed, Inflation, Mortgage, New Home Sales, Powell, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

Yesterday, The Federal Reserve Board of Governors lowered their target interest rate by 25 basis points to 4%.

And on that decrease, the US Treasury yield curve rose slightly.

And mortgage rates declined with the cut in The Fed’s target rate.

For an interesting read, try David Stockman’s “How To Cut $2 Trillion Om Federal Spending.”

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