OAN Staff&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 1:28 PM – Wednesday, December 18, 2024 The Fed cut interest rates by 25 basis points to 4.25%-4.5% and continues reducing its debt holdings. It aims to monitor economic trends to balance job growth and inflation, which remains above the 2% target. Ted Thatcher, President of Bright Lake Wealth Management joins Alicia Summers to discuss the reasoning behind the cut, its impact on affordability, and when fixed mortgage rates might ease high housing costs. <figure class="wp-block-video"><video autoplay="" controls="" loop="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/fd83764d-9bee-4a73-b98a-0a18836febb0/mp4/188b5a37-159c-4bf1-8547-7a59c2ada09b_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

The Fed cut interest rates by 25 basis points to 4.25%-4.5% and continues reducing its debt holdings. It aims to monitor economic trends to balance job growth and inflation, which remains above the 2% target. Ted Thatcher, President of Bright Lake Wealth Management joins Alicia Summers to discuss the reasoning behind the cut, its impact on affordability, and when fixed mortgage rates might ease high housing costs.{ai:summary}The Federal Reserve has lowered interest rates by 25 basis points to a range of 4.25%-4.5% as part of its strategy to combat inflation, which is still above the 2% target. The Fed is also reducing its debt holdings while monitoring economic trends to balance job growth.Experts discuss the implications of this rate cut on affordability and the potential for easing high housing costs, particularly regarding fixed mortgage rates. #economy

Fed Cuts Rates To 4.25%-4.5% Amid Inflation Fight, Housing Costs Remain High

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