"September 2024" Archives

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House, Senate Democrats introduce bill to preserve and build homes

Democratic lawmakers in both the U.S. House of Representatives and the Senate have introduced a new bill into both chambers with a stated goal of constructing and preserving affordable housing. They also seek to create a new national housing development authority to provide an “alternative to a market dominated by corporations and investors with deep…

Fed goes big, slashing interest rates by 50 bps

The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy…