Fed Chair Powell Signals ‘Time Has Come’ for September Rate Cut
Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve would begin to cut rates on Sept. 18 and to voice wariness about the job market.
Nearly 80% of economists surveyed by Bloomberg recently predict the Fed will make a quarter-point decrease to a range of 5% to 5.25% in September.
Timing the market is basically impossible. If you're always waiting for perfect market conditions, you're going to be waiting forever. Buy now only if it's a good idea for you.
Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitely rising on a national basis. - Lawrence Yun, Chief Economist, NAR
