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

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.