IlluMyFi

The move is widely expected – but will still be studied closely as dark clouds loom on the US horizon

Economic moments are often forecast with great certainty, but few will have been as widely expected as an interest rate cut by the US Federal Reserve this week.

Analysts have included a reduction in the cost of borrowing by the US central bank in their forecasts for more than a month and investors have placed their bets accordingly.

Sentiment

0.22

Bearish/Bullish

21.12.24 12:00

by theguardian.com

UK house price predictions for 2025: with pay rising and rates falling, they’ll...

Nothing seems to stop the relentless march of property values, even with a stamp duty increase looming

It’s been a bumpy ride for the housing market in recent years, after Liz Truss’s disastrous mini budget of September 2022 created a surge in borrowing costs that have cost many households dearly.

But despite elevated mortgage and rent costs, the market this year has turned out to be “surprisingly resilient”, according to Nationwide building society. Experts had expected house prices to stay flat or fall, but average prices are expected to have risen by more than 3% in 2024, after falling by 1.4% in 2023.

United States of America