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Because the Fed is likely to cut rates further, mortgage rates should continue to drop this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-Year Mortgage Rates TodayAverage 30-year mortgage rates are hovering around 5.60% today, according to Zillow data. 15-Year Mortgage Rates TodayAverage 15-year mortgage rates are right around 5%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.

Persons: annonuncement, Jerome Powell, you'll, they've, Freddie Mac, it's, They'll Organizations: Zillow, Fed Locations: Chevron

☆ Stock market today: Dow surges 462 points as stocks rally after jumbo Fed rate cut
▼ + stars: | 2024-09-19 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes rallied Thursday as investors continue to digest Wednesday's jumbo rate cut from the Fed. The Fed cut rates by 50 basis points in its first rate cut in over four years. AdvertisementUS stocks soared on Thursday in a late reaction to the Federal Reserve's jumbo interest rate cut. On Wednesday, the Fed issued its first interest rate cut since 2020, cutting its benchmark rate by 50 basis points. Bank of America analysts said after the meeting that they see 75 basis points of cuts in the fourth quarter and 125 basis points next year.

Persons: —, Jerome Powell's, Dow, today's 50bp, Goldman Sachs, Powell, Gen Z's Organizations: Fed, Service, Federal, Nasdaq, Bank of America, Labor Department, SEC

☆ Bitcoin pops to $63,000 as investors digest long-awaited rate cut: CNBC Crypto World
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin pops to $63,000 as investors digest long-awaited rate cut: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Crypto World travels to Washington, D.C. to talk to attend a pro-crypto rally, and talk to executives from Coinbase as they urge lawmakers to pass crypto regulation.

Persons: explainers Organizations: CNBC Crypto, CNBC, Coinbase Locations: Washington ,

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ Some of OpenAI's top new executives are a nod to its upcoming fights in the courtroom and Washington
▼ + stars: | 2024-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

This story is available exclusively to Business Insider subscribers. Jason Redmond/AFP/Getty ImagesA good chunk of the executives Darius highlighted aren't involved in OpenAI's tech. Some of OpenAI's most high-profile executives are instead addressing legal challenges and lobbying regulators in the US and abroad. It's a nod to the fact OpenAI's biggest upcoming fights will take place in a courtroom as opposed to a computer screen. Luckily for you, Business Insider has identified the most famous book set in every state.

Persons: —, Tyler Le, Sam Altman, Altman, he's, Darius Rafieyan, OpenAI, Darius, it's, Jason Redmond, aren't, It's, Justin Trudeau's, Somodevilla, Warren Buffett, David Einhorn, Chelsea Jia Feng, Amazon's, Natalie Ammari, Harris, Jamie Dimon, Dimon, Harvey Weinstein, world's, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Apple, Getty, OpenAI, BMO Capital Markets, Healthcare, Amazon, Google, Trump, Facebook, Reading, Fed, The Locations: AFP, New York, London

☆ Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
▼ + stars: | 2024-09-18 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

The matrix of individual officials' expectations pointed to another full percentage point in cuts by the end of 2025 and a half-point in 2026. In all, the dot plot shows the benchmark rate coming down about 2 percentage points beyond Wednesday's move. On core inflation, the committee took down its projection to 2.6%, a 0.2 percentage point reduction from June. In fact, the last time the monthly hiring rate was this low – 3.5% as a share of the labor force – the unemployment rate was above 6%. At his press conference following the July meeting, Powell remarked that a 50 basis point cut was "not something we're thinking about right now."

Persons: Michelle Bowman, Jerome Powell, Powell Organizations: WASHINGTON, Federal Reserve, Market, Dow Jones, Fed, Gross, Atlanta Fed

☆ Many emerging markets are performing better than U.S. markets, says Mark Mobius
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMany emerging markets are performing better than U.S. markets, says Mark MobiusMark Mobius, Mobius Emerging Opportunities Fund chairman, joins 'Closing Bell Overtime' to talk emerging markets and the impact of today's Federal Reserve rate cut decision.

Persons: Mark Mobius Mark Organizations: Fund Locations: U.S

☆ Actor Mark Duplass on 'Penelope' TV series, streaming in Hollywood and creating a streaming hit
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActor Mark Duplass on 'Penelope' TV series, streaming in Hollywood and creating a streaming hitActor, writer and producer Mark Duplass joins 'Squawk Box' to discuss his latest independent series 'Penelope', impact of streaming on Hollywood, how to create a streaming hit in today's media landscape, and more.

Persons: Mark Duplass, Penelope Organizations: Hollywood

☆ Richard Bernstein's Michael Contopoulos says Fed rate cut could risk reaccelerating inflation
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRichard Bernstein's Michael Contopoulos says Fed rate cut could risk reaccelerating inflationRichard Bernstein's Michael Contopoulos joins the 'Fast Money' traders with reaction to today's Federal Reserve rate decision.

Persons: Richard Bernstein's Michael Contopoulos Organizations: Federal

☆ Watch Wednesday's full episode of the Halftime Report — September 18, 2024
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Wednesday's full episode of the Halftime Report — September 18, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

Mortgage rates have dropped substantially in recent weeks, with 30-year rates now almost 40 basis points down from where they started the month. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates have gone down this week and are now hovering below 5.60%, according to Zillow data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Because markets are already anticipating that the Fed will lower rates, mortgage rates might not drop much in response to a Fed rate cut.

Persons: it's, refinance, you'll, Freddie Mac Organizations: Federal Reserve, Zillow, Fed Locations: Chevron

☆ CNBC Daily Open: Hoping for a 50-basis-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ Powell gave 'good explanation' for 50bps cut, says Fmr. Boston Fed President Eric Rosengren
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell gave 'good explanation' for 50bps cut, says Fmr. Boston Fed President Eric RosengrenEric Rosengren, Former Boston Fed President, joins 'Closing Bell Overtime' to talk today's Federal Reserve decision to cut interest rates by half a point for the first time since 2020.

Persons: Powell, Eric Rosengren Eric Rosengren Organizations: Boston Fed

☆ 3 reasons why today's Fed rate cut is the beginning of a more aggressive cutting spree than investors expect: chief economist
▼ + stars: | 2024-09-18 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Read previewThe Federal Reserve is expected to slash interest rates today for the first time since 2020 as the labor market and inflation continue to cool. AdvertisementAssuming a 25-basis-point cut at every FOMC meeting until next July, that would leave an extra 75 basis points the central bank would have to work into its policy adjustments over that time. One is that the consumer could be weaker than they appear, and the labor market is likely to deteriorate further. AdvertisementWhile the Fed hopes to stimulate spending with rate cuts, Tombs is skeptical that they'll the impact the central bank wants. Advertisement"New mortgage rates need to drop by about 250bp before they will undershoot the average outstanding mortgage rate," Tombs wrote.

Persons: —, Jerome Powell's, Samuel Tombs, Tombs Organizations: Service, Business, Macroeconomics Locations: Jackson Hole , Wyoming

☆ I tried Nestlé's new weight-loss meals, and felt full for hours — but nutritionists have mixed reviews
▼ + stars: | 2024-09-18 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

This story is available exclusively to Business Insider subscribers. Vital PursuitThe meals cost less than $5 and are available at retailers including Target and Walmart, starting Wednesday, according to the company. These small meals, branded as protein-rich, are designed to help GLP-1 users lose more fat, and less muscle. "We want to be a brand for those 82% of Americans who are managing their weight," Stoehr told Business Insider, referencing a Morgan Stanley report. "These meals seem like a decent option... but not a great one," Malloy wrote in an email to Business Insider.

Persons: —, Nestlé, Kristen Stoehr, Stoehr, Morgan Stanley, We're, Alix Turoff, Mike Molloy, Hilary Brueck, I've, I'd, Turoff, Malloy, It's, that's, I'm, Nestlé's, Marlene Schmidt, Morgan Stanley's Organizations: Service, Business, Target, Walmart Locations: Nestlé, New York

☆ Mortgage rates already priced in today's cut and future cuts, says Zillow's Divounguy
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMortgage rates already priced in today's cut and future cuts, says Zillow's DivounguyOrphe Divounguy, Zillow, joins 'Fast Money' to talk the impact of rate cuts on housing affordability.

Persons: Zillow's

☆ The Fed doesn't want to fall behind the unemployment rate, says FedWatch Advisors' Ben Emons
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed doesn't want to fall behind the unemployment rate, says FedWatch Advisors' Ben EmonsBen Emons, FedWatch Advisors chief investment officer and founder, joins 'Fast Money' with reaction to today's rate cut.

Persons: Ben Emons Ben Emons Organizations: FedWatch, FedWatch Advisors

☆ Soft landing ahead and more 'good' rate cuts coming, predicts Dan Niles
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoft landing ahead and more 'good' rate cuts coming, predicts Dan NilesDan Niles, Niles Investment Management founder, joins 'Closing Bell Overtime' to talk today's Fedral Reserve decision and what it means for markets.

Persons: Dan Niles Dan Niles Organizations: Niles Investment Management

☆ WEX Wrap-Up for Wednesday September 18
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWEX Wrap-Up for Wednesday September 18The top headlines that could drive today's trading.

We'll show you how to watch Man City vs. Inter Milan from anywhere, including a free live streaming option. Where to watch Man City vs. Inter Milan in IrelandToday's Man City vs. Inter Milan match will air on Virgin Media 2 in Ireland. Where to watch Man City vs. Inter Milan in the USMan City vs. Inter Milan will live stream on Paramount Plus in the US. Check price at ParamountWhere to watch Man City vs. Inter Milan in the UKTNT Sports is the UK home of Champions League matches in the UK, including today's Man City vs. Inter Milan game. Where to watch Man City vs. Inter Milan in AustraliaIn Australia, people can live stream Man City vs. Inter Milan (and the rest of the Champions League matches this season) through Stan Sport.

Persons: we've, ExpressVPN, Stan, you'll Organizations: Business, League, Manchester City, Inter Milan, City, Real Madrid, Champions League, Virgin Media, tomorrow's Feyenoord, Leverkusen, Monaco, Paramount Plus, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, TNT Sports, Amazon, Stan Sport Locations: We'll, Real, Ireland, Barcelona, Irish, Australia

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slips 1% after Fed cuts interest rates for the first time in four years: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tyrone Ross of 401 Financial discusses adoption of crypto ETFs and what Wall Street still needs to learn about the asset class.

Persons: explainers, Tyrone Ross of Organizations: CNBC Crypto, CNBC

☆ Room for stocks to improve even if economy gets in a recession, says TD Cowen's Jeff Solomon
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoom for stocks to improve even if economy gets in a recession, says TD Cowen's Jeff SolomonJeff Solomon, TD Cowen president, joins 'Money Movers' to discuss the potential impact of today's rate decision, if the market is too enthusiastic about rate cuts, and if there's more risk of recession than the market is currently pricing in.

Persons: Jeff Solomon Jeff Solomon, TD Cowen

☆ Gold hovers near record high ahead of Fed rate verdict
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +2 min

An employee puts gold bullions into a safe deposit box at Degussa shop in SingaporeGold prices hovered near a record high on Tuesday, ahead of the anticipated start of the U.S. interest rate reduction cycle, which could see policymakers deliver an outsized cut. Spot gold was steady at $2,581.68 per ounce as of 0254 GMT. Bullion rose to a record high of $2,589.59 on Monday. Goldman Sachs reiterated its optimistic outlook on gold prices. "We find that ETF holdings backed by physical gold continue to rise gradually as the Fed policy rate comes down," it said in a note on Monday.

Persons: Yeap Jun Rong, there's, Nicholas Frappell, Goldman Sachs Organizations: U.S, U.S . Federal, ABC Refinery, Palladium Locations: Singapore, ., U.S .

☆ Watch Tuesday's full episode of the Halftime Report — September 17, 2024
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Tuesday's full episode of the Halftime Report — September 17, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Commercial property has been in a slump. How lower interest rates could lift it out.
▼ + stars: | 2024-09-17 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +8 min

Read previewUma Moriarity, a senior investment strategist at a real estate investment firm based outside of Philadelphia, is feeling better about deal-making in commercial real estate. A reduction in the Fed's benchmark rate would bring relief to the $22.5 trillion US commercial real estate market, which was shaken by a series of interest rate increases beginning in March 2022. AdvertisementThe increases diminished commercial property values, raised mortgage defaults, and triggered the sector's worst downturn since the financial crisis more than 15 years ago. "We're looking at a very good 2025 and beyond," Mark Rose, the CEO of the real estate services firm Avison Young, said. "Commercial property prices have increased over the past few months as bond yields have declined," Peter Rothemund, the co-head of strategic research at Green Street, said in the firm's recent property pricing report.

Persons: —, Uma Moriarity, Moriarty, Mark Rose, Avison Young, Richard Barkham, We've, Fitch, CMBS, Peter Rothemund, Alan Todd, Todd, CLO Organizations: Service, Federal Reserve, Business, CenterSquare Investment Management, Green, Mortgage, Association, Bank of America, Bank of America Securities Locations: Philadelphia, Trepp

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