Central banks are cutting rates. Everything will change by September 2024.

Central banks around the world are now starting to cut interest rates. With the Bank of Canada and the ECB being the first two central banks to cut. Does that mean that the Federal Reserve might be next?

Inflation levels are still elevated across America. With the 3.3% inflation rate today being healthily above the Fed's 2% target. This indicates that the Fed is unlikely to cut interest rates in the near term.

Betting markets suggest we will see 1-2 Fed Rate cuts before the end of this year. This would push mortgage rate down to 6.5% range. Which would not be enough to bring many homebuyers back into the market.
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[ReventureConsulting]

Bank of Canada and ECB have started with rate cuts.

Will Fed be next? And will it even matter for the housing market?

2 rate cuts by year end would bring Mortgage Rates down to 6.5%...nowhere near close enough to bring substantial buyers back into market.

Betting markets have first Fed cut coming in September.

[bernadofelix]

I see the rising interest rate as a very big problem, as more investors will definitely pull out more money from the Stock market. This might have worked when I was still invest-ing with a couple thousand dollars, but it is more difficult now to decide whether to pull out more than $365k from my port-folio. I know some inves-tors still make that despite the strong bear market. In wish I could pull that feat

[GillerHeston]

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[Beatricegove]

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

[AshleyKeith-vwws]

The distress for banks was a farce; what we have experienced in the past 2 years is a result of a system that has worked incredibly well. The Fed just had to tighten credit to cool the economy.

[pristinedetailing]

I don't need rates to fall. I'm not trying to borrow. I need assets to fall.

[Fastapproaching]

With home prices where they're at, interest rates could be a zero and you still can't afford the house. You'll need to start lowering the home prices not the interest rate, The lower interest rate brings out all the corrupt people, homes are supposed to be for families not investors

[syoung]

We need the rates to be at more like 15% to correct this ridiculous market.

[cryptodemon]

I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

[mariannorton]

I'm not buying the unemployment rate is 4%, I think that's the cooked number they can use due to so many people being off the unemployment roles. They have burned through their benefits and are living on mom's sofa. Thanks as always for great videos.

[Alwaysbeclosing]

Cut the interest rates all you want. It’s the prices of the homes people. A 450k junker is still unaffordable at 5 percent even at 1 percent. Repos galore 30 bucks for fast food. Groceries to the moon expensive. Florida insurance LOL, yeah 5 percent loans for everyone to save the day lol

[Dfgbuiiyyyybb]

My sister and brother in law just bought their first home in Toronto, Canada for 1.1 million dollars (3 months ago).

It’s an old home with 1 garage. So they need to park one of their cars outside.

When they told me the price and showed me the listing I almost lost it.

[foruvasanth]

They are not cutting interest rates, also declared there will be only ONE rate cut in 2024 if at all there is going to be one

[faerydae]

For the love of god stop cutting rates!!! We need rates up so housing prices can go down

[SProz]

4:51 everyone forgets that Powell said two years ago that he needs to see unemployment go up in order for inflation to go down.

[rbjusmc]

The US needs to abandon the dollar and adopt legos. I have a Death Star to disassemble.

[Moore-sp]

I don't think they are actually going to cut rates

[jackjon]

FED should not be given that kind of power. FED is the cause!

[lakelvp]

The "unemployment rate" in 1980 and 1990 and 2000 and 2010 was a reflection of full time employees with benefits. Today it is influenced a lot by millions of 'gig workers' or drivers/delivery people who cannot afford to make their car payments (i.e., keep their gigs) the first time they have an accident, get a divorce or illness. Can you get some historical data that includes full time employees with benefits and safe jobs and excludes gig workers and look at employment in various areas?

[JoshuaMccaffrey-q]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007–2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.