Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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Greenspan: Housing Will Bottom in mid-2009 

Aug 14, 2008By

In a wide-ranging interview with the Wall Street Journal on Thursday, former Fed chief Alan Greenspan suggested that housing’s bottom will depend on clearing a huge inventory overhang, and said that the plan to backstop Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] via new-found Treasury authority was “bad.”

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