The inflation has eased and unemployment has increased, signaling a potential normalization in the jobs market, prompting speculation about rate cuts by the Federal Reserve.
Markets are currently anticipating 100 basis points of interest rate cuts by the end of the year, with a scenario of 50 basis points cut each quarter leading to significant reductions.
The Fed's approach greatly influences borrowers; rapid rate cuts would signify a reaction to an economic shock, creating both opportunities and challenges in the housing market.
The upcoming months are critical for the Boston condo market, with expectations for insights from Fed Chair Jay Powell at the Kansas City Fed's conference.
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