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Added on the 18/09/2019 22:51:39 - Copyright : France 24 EN
In March, the US Federal Reserve's lowering of interest rates fueled a housing boom. According to Business Insider, the Federal Housing Finance Agency says that the explosion shows no signs of subsiding. A seasonally adjusted index of prices rose 1.7% in September from the prior month, and prices jumped 7.8% from their year-ago period. Mortgage rates hit their thirteenth record-low of the year last week. The average 30-year fixed-rate mortgage rate fell to 2.72% from 2.84%. However, experts say the good times in the housing market aren't likely to last forever. We expect some moderation in the pace of housing starts in the face of the rapidly escalating health crisis, a faltering recovery, and softening labor market gains. Nancy Vanden Houten, Lead US economist, Oxford Economics
Federal Reserve keeps US interest rates unchanged
The Federal Reserve will leave its key interest rate at zero "until we're confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals," says Fed Chair Jerome Powell during a press conference. SOUNDBITE
Washington, Dec 11 (EFE).- The Federal Reserve decided on Wednesday to leave interest rates unchanged at between 1.5-1.75 percent after undertaking consecutive rate reductions at each of its three earlier meetings this year, emphasizing what it called the good health of the US economy.FOOTAGE COURTESY OF THE FEDERAL RESERVE. STATEMENTS FROM THE PRESIDENT OF THE EDF, JEROME POWELL
European Central Bank policymakers keep interest rates at their historic lows and say they would remain there "at least through the end of 2019". SOUNDBITE of Mario Draghi
The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, which Fed Chair Janet Yellen said marks the end of an extraordinary seven year period to support the economy's recovery. Rough Cut (no reporter narration).
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