In a widely anticipated move, the Federal Reserve on Wednesday lowered its benchmark interest rate by 25 basis points (bps), bringing the target range to 4.25% to 4.5%. This marks the third consecutive reduction by the Fed following a 50-bps cut in September and a 25-bps cut in November, cumulatively reducing rates by 100 bps…
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The central bank has now shaved a full percentage off its benchmark rate since September. Here’s what it means for your borrowing costs.
Ohad Fisherman is accused of participating in an alleged sexual assault in 2016 alongside Oren and Alon Alexander.
They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers — typically one of the first areas to experience declines before a recession — has not yet seen its usual downturn. Several…