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☆ JD Souther, singer who co-wrote Eagles classics like 'New Kid in Town,' dies at 78
▼ + stars: | 2024-09-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +16 min

He just missed making the top 10 again when the 1981 single “Her Town Too” — a duet with James Taylor — peaked at No. I had an agent, but I don’t know that I really read for any of those roles. In a 2018 interview with the Chicago Tribune, Souther said that he was still friendly with most of his superstar collaborators. I don’t really want to be stopped when I’m in the grocery store and have somebody pay a bunch of attention to me. Donations in JD’s honor can be made to Best Friends Animal Society, an organization that was very important to him.

Persons: JD Souther, ”, Souther, Karla Bonoff, ” “ James Dean, ” “ Doolin, Don Henley, Souther’s, Roy Orbison, James Taylor —, Linda Ronstadt, George Strait, Bonnie Raitt, ‘, ’ ” Souther, “, Glenn Frey, —, JD didn’t, ” Souther, Steven Spielberg, Ed Zwick, ’, Mike Nichols, Ed, Longbranch, David Geffen’s, John David Souther, Chris Hillman, Richie Furay, Buck Owens, Merle Haggard, Waylon Jennings, Clark, Poco, Linda, won’t, Jackson Browne, Glenn, Waddy, Danny Kortchmar, Taylor, Warren Zevon, Don, Jackson, Zevon, Linda —, Sill, doesn’t, Rose, Dawn, Ronstadt, I’m, Browne, “ Don, David Geffen, ’ I’ve, Frey, Henley, … It’s, you’re, Souther —, Nashville —, “ Glenn Frey, “ She’s, Linda Ronstadt’s, Stevie Nicks, Judee Sill, “ Faulkner, I’ve Organizations: Eagles, PR, “, Dixie, Creative Independent, Nashville ”, Songwriters Hall of Fame, David Geffen’s Asylum, British Museum, Souther, Hillman, CSN, Byrds, Dillard, Brothers, Asylum, Hollywood, Chicago Tribune, Jackson, Troubadour, Kia, Facebook, Animal Society Locations: New Mexico, Southern California, Town, ”, L.A, ‘, ’, Orange County, Detroit, Henley’s, Texas, I’m, Linda’s, Arizona, New York, Boston, Mars, Columbia, New England, Japan, Wellington , Texas, Nashville, San Francisco, California, Arizona Republic, Europe

☆ He bought a cruise ship on Craigslist and spent over $1 million restoring it. Then his dream sank
▼ + stars: | 2024-09-18 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +15 min

CNN —Buying a historic cruise ship he found on Craigslist back in 2008 was undoubtedly a life-altering decision for Chris Willson. Ship of dreamsWillson and Li moved on board the ship and focused their energies on painstakingly restoring it. Christopher WillsonHis ultimate goal was to transform the neglected ship into a museum, but things didn’t quite go to plan. “We absolutely loved our time with that ship,” Willson tells CNN Travel. It subsequently remained at Alameda for several years, before being purchased by a businessman, who went on to list the ship on Craigslist.

Persons: Chris Willson, Jin Li, Willson, Li, Christopher Willson, ” Willson, I’m, ”, Wappen von Hamburg, “, Aurora ’, Helen’s Marina, ” Herman, “ I’d, Christopher Willson “, Aurora, he’d, Kristina Werner, Connie Cochran, ” Cochran, Cochran, he’s, Christopher Wilson Willson, I’ve, “ There’s, Mary, that’s, haven’t, “ I’ve, hasn’t, It’s, Chris, … Wappen von, … Wappen von Hamburg doesn’t Organizations: CNN, Craigslist, CNN Travel, Blohm, California Delta, Herman, Aurora, Unified Command, US Coast Guard, California Department of Fish, Wildlife, Coast Guard, San, San Joaquin County Sheriff’s, Delta, Global, Wildlife’s, Spill Prevention, City, ” CNN, Love, YouTube, … Wappen von Hamburg Locations: Utah, Germany, Voss, California, Rio Vista, San Francisco’s, Little Potato, Stockton, California’s Central Valley, Chaleur, San Joaquin County, City, Russia, Vancouver, Alameda , California, Alameda, Craigslist, United States, Philadelphia’s Delaware, Long, Aurora

☆ Fed interest rate cut expected and global trail behind Hezbollah pager explosions: Morning Rundown
▼ + stars: | 2024-09-18 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Fed expected to cut key interest rateChair of the U.S. Federal Reserve Jerome Powell speaks at the U.S. Capitol in July. Bonnie Cash / Getty ImagesThe Federal Reserve is poised to cut its key interest rate for the first time since the onset of the Covid pandemic in 2020. But mixed signals from the economy have some Wall Street traders predicting it’s more likely that there will be a 0.5% cut. It’s for Prime members only, so you’ll have to sign up in time if you want to shop. And did you know that in addition to free shipping, members also get benefits like Prime Video and Grubhub+.

Persons: Sean “ Diddy ” Combs, Jerome Powell, Bonnie Cash, Hsu Ching, kuang, Cristiana Bársony, Arcidiacono, Gold, “, ”, pagers, Sean ‘ Diddy ’ Combs, Combs, Mike Johnson, Trump, Donald Trump, Harris, Kamala Harris, Chuck Todd, Gisele Pelicot, Christophe Simon, I’m, don’t, Annie Hill, Elizabeth Robinson Organizations: U.S . Federal, U.S, Capitol, CNBC, Fed, Consulting, Prosecutors, of, National Association of Black Journalists, Republicans, NBC, Trump, Polaris, University of North Texas Health Science, The, Getty, Amazon Locations: Lebanon, Taiwan, Iran, Israel, Hungary, Southern, of New, Springfield , Ohio, Gaza, Ohio, San Diego, Mazan, France, AFP

That cleared the way for counties to start preparing, printing and distributing mail ballots to those who request them. Most rejected ballots are tossed out for arriving after Election Day, but thousands have been rejected for missing signatures and similar paperwork errors. Pennsylvania's mail ballots have once again been the subject of a major election-year legal battle. The state Supreme Court ruled last week that mail ballots with improper dates can't be counted. Looking ahead to November, clerks in Pennsylvania still won’t be able to process any mail ballots before Election Day, meaning it could again take days to count them.

Persons: Commonwealth Al Schmidt, Cornel, Joe Biden, Donald Trump, —, Trump baselessly, won’t Organizations: Commonwealth, Pennsylvania, Officials Locations: Pennsylvania, In Pennsylvania, Dauphin County, Harrisburg

The Federal Reserve is expected to announce Wednesday its first interest rate cut since 2020. While layoffs remain low, hiring has virtually ground to a halt, especially in some white-collar professions, making the job search process unusually difficult for many. That would entail a cut of at least 0.5% at some point by the time the Fed announces its interest rate in January. The Fed believes Wednesday's anticipated cut, and ones likely coming over the next several months, should put a floor under further economic deterioration. "Layoffs remain low, job openings remain high, GDP is growing at a healthy pace, and there have not been any major negative shocks," David Mericle, Goldman Sachs' chief U.S. economist, said in a note to clients.

Persons: Jay Bryson, Wednesday's, David Mericle, Goldman Sachs Organizations: Federal, Bank of America, Fed, NBC News, Citi Locations: U.S, Wells Fargo

There’s been an odd numbness in the political ecosystem regarding the apparent second attempt to assassinate former President Donald Trump. The problem with political discourse in America right now is that we are all stuck in a social media funhouse mirror booth. I promise you that the way Americans speak about one another online isn’t the way most Americans behave in person with one another. As social media rose and became the main distributor and facilitator of political information, our politics have become more combative and less collaborative. Right now, our political information ecosystem doesn’t reward incrementalism or nuance, instead punishing both and, more to the point, rewarding those who make up the best stories.

Persons: There’s, Donald Trump, We’ve, Trump, we’ve, isn’t, demonizing, I’m, don’t, It’s, Churchill, here’s, we’ll Organizations: Fox News, Fox, Trump Locations: Butler , Pennsylvania, America, Springfield , Ohio, Miami, Florida, Springfield

☆ India’s Jammu and Kashmir votes in first regional election in a decade
▼ + stars: | 2024-09-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

SRINAGAR, India — Voters lined up outside polling stations in India’s Jammu and Kashmir on Wednesday to vote in the first provincial election being held in a decade in the Himalayan region that has grappled with years of militant violence. Jammu and Kashmir is India’s only Muslim-majority territory and has been at the center of a dispute with neighboring Pakistan since 1947. Until 2019, Indian-ruled Jammu and Kashmir had a special status of partial autonomy that was revoked by Prime Minister Narendra Modi’s government. Modi’s Bharatiya Janata Party-led (BJP) government has said that revoking the region’s special status restored normalcy in the area and helped its development. The contest this time is between regional parties promising to restore the special status, India’s main opposition Congress party which has allied with a prominent regional group, as well as the BJP, which is pitching development and a permanent end to militancy.

Persons: “, ”, Mohammad Asim Bhat, Narendra Modi’s, ” Modi Organizations: India — Voters, Modi’s Bharatiya Janata Party, BJP Locations: SRINAGAR, India, Jammu, Kashmir, Pakistan, Indian

☆ Steve Kornacki shares that his mom, Anne, has died
▼ + stars: | 2024-09-18 | by ( Ariana Brockington | ) www.nbcnews.com time to read: +2 min

NBC News’ Steve Kornacki announced that his mom, Anne B. (Ramonas) Kornacki, has died. (Ramonas) Kornacki, 1947-2024,” he simply wrote in an X post. The obituary described Anne B. Kornacki as a native of Waterbury, Connecticut, and a “devoted wife, mother, grandma and sister.”According to the obit, Anne B. Kornacki, died “unexpectedly” on Friday, Sept. 13 at Midcoast Hospital in Brunswick, Maine, surrounded by her family. The couple welcomed two children, Steve Kornacki and Katie Kornacki, and later opened a bed and breakfast.

Persons: Steve Kornacki, Anne B, “, ”, I’m, Casey, “ Anne B, Kornacki, Stephan J, Katie Kornacki, Steve, Grandma, ” Anne Kornacki, Brian Duffy Organizations: NBC, Midcoast Hospital Locations: Waterbury , Connecticut, Brunswick , Maine, Brunswick

☆ Video shows robbers drop into check cashing store from ceiling in $150,000 heist
▼ + stars: | 2024-09-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +3 min

Atlanta police on Tuesday continued to search for two robbers captured on video dropping into a check cashing store from the ceiling and grabbing stacks of cash from a safe. The images appear to be taken from the security video. The department also released some of that morning's video, captured from inside the store as its ceiling was breached and including the robbers' exit. A robber falls through the ceiling of a check cashing business in southwest Atlanta on Sept. 3. They fled out the rear portal, and video captured a woman walking by just after the door was opened.

Persons: Teyoka Glenn, Glenn, It's, Martin Luther King Jr Organizations: Atlanta, Police, Atlanta Police Department, Atlanta Police, city's Connect Locations: Atlanta, city's Connect Atlanta

☆ The world’s best hotels for 2024 revealed
▼ + stars: | 2024-09-18 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +6 min

In eighth place, Soneva Fushi in the Maldives was also winner of the Lost Explorer Best Beach Hotel Award 2024. 46 respectively and Raffles London at The OWO (No. 16 and was named Best Hotel in North America. The Calile, a stylish and airy urban resort in the lively James Street area of Brisbane, Australia, was named Best Hotel in Oceania, ranking at No. Passalacqua, which was the winner of the first-ever Best Hotel prize in 2023, dropped to second this year.

Persons: John Blanco, Capella, Josephine, Blanco, “ Covid, Thais, Soneva, Cheval Blanc, Lana, Chablé, James, Royal Mansour, Aman, Hôtel de Crillon, Borgo, Rosewood São, São, Mount Nelson, Carlyle, Eden, Suján, Brando Organizations: London CNN, Capella, Capella Bangkok didn’t, CNN Travel, Rosewood, Rosewood Hong, Capella Bangkok, Raffles, Singapore Sling, Le Bristol, Raffles London, Aussie, Tasman, Royal, American, Atlantis, Bulgari, Hyatt Kyoto, Madrid, Capella Singapore, Surf, Bel, Le Bristol Paris, Singita, Park, Kokomo Locations: Capella Bangkok, London, Charoenkrung, Thailand’s, Bangkok, London’s Guildhall, Thailand, Rosewood Hong Kong, Victoria Harbor, Rosewood Hong Kong Asian, Thai, Chao, Siam, Hong Kong, Raffles Singapore, Maldives, Tokyo, Lake Como, Paris, of, Connaught, North America, Brisbane, Australia, Oceania, Hobart, Marrakech, La, Istanbul, Bosphorus, Italy, Aman Tokyo, Soneva Fushi, Dubai, Wanokaka, Indonesia, Claridge’s, Chao Phraya, Chocholá, Mexico, Du, Antibes, France, Florence, Amalfi, Bali, Bulgari Tokyo, São Paulo, Brazil, Kyoto, Japan, Cape Town , South Africa, Puerto Vallarta , Mexico, New York, Mamounia, Morocco, Miami, Los Angeles, Barths, York, Sri Lanka, Auchterarder, Scotland, Umbria, Suján Jawai, Rajasthan, India, South Africa, Oman, French Polynesia, Tulum, Tasman, Fiji

☆ How Fed rate cuts affect the global economy
▼ + stars: | 2024-09-18 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +4 min

The Federal Reserve's interest rate decisions can influence the trajectory of the U.S. economy. Changes to the Fed's interest rate can influence the cost of loan products such as mortgages and the value of cash, bonds and stocks. The Federal Reserve's decision to cut interest rate comes after months of shaky labor market data in the U.S. Fed decisions can also impact foreign exchange markets given their effect on the value of U.S. dollars, the global reserve currency. Economists at the Fed write that China's central bank has managed the value of the yuan to help the country achieve its goals on trade.

Persons: Gregory Daco, Federal Reserve Board they're, Reena Aggarwal, they've, Freya Beamish, Beamish Organizations: Federal, Market Committee, International Monetary Fund, U.S, European Central Bank, IMF, Federal Reserve Board, Georgetown, Psaros, CNBC, People's Bank of, Federal Reserve, TS Lombard Locations: U.S, EY, United States, People's Bank of China, China

☆ 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

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

☆ I'm about to turn 40, and people say I'll regret being child-free. I won't.
▼ + stars: | 2024-09-18 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

I turn 40 next March, so I'm at the age where I'm relatively often asked when I'll have kids. I'm childless because of my choices, and I'm happy this wayI say I'm not childless by choice, but I'm happily childless by the choices I've made in life. AdvertisementJodie Humphries is child-free and wishes people would stop telling people she'll regret not having kids. Courtesy of Jodie HumphriesI don't think people should assume women will regret not having kidsThose same older female relatives will say I'll regret not having my own children. Having kids isn't a duty I need to fulfill as a woman; it should be a decision made thoughtfully and wholeheartedly.

Persons: —, Jodie Humphries, I'm, haven't, I've, it'd, I'd, that's, We've, don't Organizations: Service, Business

☆ Ray Dalio names the top five forces shaping the global economy
▼ + stars: | 2024-09-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Dalio made his remarks Wednesday ahead of the U.S. Federal Reserve's interest rate decision. Debt, money and the economic cycleWith uncertainty still circling around what the Fed will do at its meeting this week, Dalio raised concerns about how the country's debt will be managed. 'Acts of nature'Dalio then said "acts of nature" have historically posed a bigger threat to humanity and society than war. "Acts of nature, droughts, floods and pandemics have killed more people and been responsible for more domestic orders and international orders changing," Dalio noted. According to the World Economic Forum, the climate crisis results in a 12% loss in global GDP for each 1°C increase in temperature.

Persons: Ray Dalio, Dalio, Kamala Harris, Donald Trump Organizations: Bridgewater Associates, Milken Institute Asia Summit, Bloomberg, Getty, SINGAPORE, Milken, Summit, U.S, CNBC Fed, Economic, Technology Locations: Singapore, U.S, U.S . Federal, China, The U.S, South China

☆ 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

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

☆ Charts suggest traders should wait before they keep chasing utilities — the hottest trade of the year
▼ + stars: | 2024-09-18 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +5 min

Traders instantly react to the data (sometimes wildly so), especially when the actual numbers are distinctly different than estimates. Thus, historically, XLU has been correlated with the direction of treasury bonds (which move in the opposite direction of bond yields). Here's a chart with XLU and the TLT 20+ Year Treasury Bond ETF, which we're using since it's the most widely traded treasury bond ETF. From 2022 through 2023, XLU and TLT moved in the same direction more often than not. Another reason is simply that investors are aggressively seeking yield producing instruments, with the understanding that bond yields were destined to fall.

Persons: XLU, That's, TLT, We're Organizations: Federal Reserve, PPI, Utilities, Treasury Bond ETF, Bollinger, CNBC, NBC UNIVERSAL Locations: XLU

Below, we've compiled everything you need to know about where to watch The Golden Bachelorette. The Golden Bachelorette arrives on the heels of The Golden Bachelor, which premiered last year to a devoted audience. In The Golden Bachelorette, 61-year-old widow Joan Vassos will meet 24 eligible senior bachelors in a quest for another chance at love. Where to watch The Golden Bachelorette in the USThe Golden Bachelorette airs on Wednesdays at 8 p.m. Check price at HuluHow to watch The Golden Bachelorette from anywhereYou don't need to worry about missing out on The Golden Bachelorette if you're traveling away from home.

Persons: Bachelorette, Joan Vassos, Joan, ExpressVPN Organizations: Business, Nation, ABC, Hulu

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

☆ Fed meeting live updates: Fed set to cut rates — but market reaction may depend on size of move
▼ + stars: | 2024-09-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

The Federal Reserve is expected to make its first cut to interest rates on Wednesday after more than two years of tight monetary policy. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike. Home equity loans have also become more expensive, with rates rising to 8.49% as of last week, compared to 5.96% back in March 2022, according to Bankrate. The Fed's tight policy has provided a silver lining to savers, however. The annual percentage yield on a five-year certificate of deposit has jumped to 2.87%, up from 0.5% in March 2022, according to Haver.

Persons: Bankrate, Haver, — Darla Mercado, Nick Wells Organizations: Federal, Mortgage News, Fed

☆ Fed Chair Powell: We're not declaring victory over inflation with 50 bps rate cut
▼ + 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 EmailFed Chair Powell: We're not declaring victory over inflation with 50 bps rate cutFederal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.

Persons: Powell, We're, Jerome Powell Organizations: Central Bank

☆ 40-year-old self-made millionaire: 5 frugal habits I'll never quit
▼ + stars: | 2024-09-18 | by ( Jonathan Sanchez | ) www.cnbc.com time to read: +6 min

Although I hit this financial milestone, there are some frugal habits that I will never give up:1. Thanks to that mindset, I'm still very cautious about my credit card usage. I always pay off the credit card balance every month to avoid paying additional interest. Ultimately, these frugal habits help us put our resources towards the things that matter the most to us. He was raised with frugal habits and by practicing wise money decisions, became a millionaire in his 30s.

Persons: —, I'm, frugality, I've, Vue, Randy Pausch, Jonathan Sanchez Organizations: Parent Locations: Omaha

☆ People say having teenage daughters means they'll hate you, but mine don't. They just need to be heard and have a snack.
▼ + stars: | 2024-09-18 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Because I'm grounded in myself, I don't try to helicopter parent or take care of their problems for them. I listen and ask questions about their experience, while not inserting my projecting my own opinion or experience onto them. AdvertisementI prioritize apologizing to my daughters when I mess upWhen my daughters were little, I dealt with a period of undiagnosed postpartum depression. Related storiesSociety positions parenting as a hierarchy where parents lean into the idea that "I'm the parent, I'm right, and I get to treat them in certain ways, and they just have to deal with it."

Persons: Allison Tenney, I've, I'm, there's Organizations: Service

☆ The Fed’s long-awaited rate cut is colliding with presidential politics
▼ + stars: | 2024-09-18 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

Vice President Kamala Harris called the rate cut “welcome news,” while former President Donald Trump suggested, without evidence, that the decision could be politically motivated. With less than 50 days until Election Day, another question has emerged: Will the rate cut matter to voters? In fact, they already have – mortgages are based on bond yields, which have fallen in recent weeks in anticipation of a rate cut. Harris responded to the rate cut by saying she’s focused on bringing down prices. This story has been updated with reaction to the Fed’s rate cut announcement.

Persons: Biden, Joe Biden, Ukraine —, ’, —, “, ” Biden, Kamala Harris, ”, Donald Trump, Zoila Sanchez, CNN’s John King, ” Sanchez, King, ” Homebuyers, Powell, Jason Furman, Barack Obama’s, “ It’s, ” Furman, George H, Bush, Bill Clinton’s “, –, Clinton, Aaron Klein, ” Klein, Harris, she’s, Trump, they’re, ” Trump, Steve Moore, Powell sanctimoniously, ” Moore, ” Powell, Moore Organizations: CNN, Reserve, White House, Economic, of Washington, Financial, St, Louis Federal Reserve, Brookings Institution, “, Biden, Fed, SPAN Locations: trillions, Ukraine, Nevada, New York

☆ The Fed goes big — a nice jumpstart to lowering mortgage rates and boosting housing plays
▼ + stars: | 2024-09-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The Fed was widely expected to lower short-term interest rates, but the 25 basis points versus 50 debate raged right up until the announcement. Mortgage rates: We talked last week during our September Monthly Meeting about how housing activity can start to pick up when mortgage rates fall off their cycle highs to somewhere in the range between 5% and 6.5%. However, what the data shows is how sensitive activity is to every dip in mortgage rates. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Stanley Black, Decker, Mortgage Banks, Jim Cramer's, Lisa Su, Oliver Garden, Jim Organizations: CNBC, ., Federal Reserve, Stanley, Mortgage, Micro, LongHorn, Darden, Jim Cramer's Charitable

☆ Fed Chair Powell: A 50 bps cut is 'a sign of our commitment not to get behind'
▼ + 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 EmailFed Chair Powell: A 50 bps cut is 'a sign of our commitment not to get behind'Federal Reserve Chair Jerome Powell takes questions from reporters after announcing that the Central Bank has lowered interest rates by half a point, its first cut since 2020.

Persons: Powell, Jerome Powell Organizations: Federal, Central Bank

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