The Federal Reserve decided to keep interest rates steady at 4.25-4.5%. This decision drew significant investor attention amidst a wave of earnings reports, notably from Apple and Amazon. Analysts noted that even if the Fed cuts rates slightly, it may not lead to significantly lower mortgage rates as many individuals have already refinanced at historically low rates. The discussion also covered the competitive landscape in artificial intelligence and stocks to watch in the current market.
The Fed decided to keep rates steady this week at 4.25-4.5%, focusing investor attention more than usual. Numerous earnings reports were released during the week.
Mortgage rates are unlikely to return to 4% or 3% soon, even if the Fed implements small rate cuts. Many have already refinanced at lower rates.
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