Jobs Trump Inflation in the Fed’s Calculations

Jobs trump inflation in the Fed’s calculations

After announcing a quarter-point cut in interest rates this week, Fed Chair Jerome Powell said he believes the fed funds rate is now at a level where monetary policy is in equilibrium, neither too tight nor too loose.

The economic impact of the Fed’s latest rate cut on Tampa Bay

The Fed’s quarter-point rate cut is already shaping Tampa Bay’s housing market, consumer spending and local business activity. Many residents want to know if lower rates will bring relief from high borrowing costs. To break down the Tampa Bay economic impact rate cut, TBBW spoke with Dave Germann, chief lending officer at Achieva Credit Union, about what this shift means for buyers, borrowers and savers. More buying power for homebuyers Germann …