For the third time this year, the Federal Reserve cut key
interest rates by a quarter-point earlier this week—however, to the chagrin of President Trump, they also signaled this may be the last reduction for several months.
While lower rates can bring down borrowing
costs for mortgages, auto loans, and credit cards, Chair Jerome
Powell doubts their move on Wednesday would bring much relief to what he called the ‘struggling housing’ sector.
However, Powell also appeared optimistic about
economic growth in 2026, and was encouraged by the ongoing investment in artificial intelligence
FOX Business' Taylor Riggs speaks with Lou Basenese, the Executive Vice President of Market Strategy at Prairie Operating Company, to discuss what we can expect from the Fed next year, the concerns of an "AI bubble, and other big business headlines from the past week.
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