The Fed meeting aims to reassess interest rates as Japan and other global markets experience severe downturns
The U.S. Federal Reserve has called for an emergency meeting to reassess interest rates amid global market downturns. Analysts expect a 50 basis points rate cut. This move aims to stabilize markets and avoid further economic instability.
Mortgages have risen significantly to about 7% on 30-year terms, reducing homebuyers' purchasing power
The Fed's latest monetary policy statement marks a significant economical moment