【World Property Journal】U.S. Housing Industry Reacts to the Federal Reserve's Late 2024 Rate Cut

This week, the Federal Reserve reduced its key interest rate by a quarter percentage point, marking the third consecutive cut and signaling a cautious outlook for future reductions. As widely expected by markets, the Federal Open Market Committee (FOMC) lowered the overnight borrowing rate to a target range of 4.25%-4.5%. This brings the rate back to its December 2022 level when it was on an upward trajectory.

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