The Fed cut rates for the first time in a decade. Here’s what it means for real estate. For the first time since the 2008 financial crisis, the Federal Reserve on Wednesday reduced interest rates “in light of the implications of global developments for the economic outlook as well as muted inflation pressures,” the Federal Open Market Committee said in a statement. (Translation: The cut aims to help soften the blow of the U.S.-China trade […]
source https://therealdeal.com/2019/08/01/the-daily-dirt-real-estate-and-interest-rate-cuts/
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