The Fed has made two highly anticipated rate cuts in 2024, lowering its official rate for the first time in four years to 4.75% from around 5.5%. That, however, may come as a surprise to the roughly 85 million holders of residential mortgages in the US, who have seen retail lending rates increase since the Fed began its rate-cut cycle. Why has the Fed’s monetary policy shift not had its anticipated impact? Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
