Instant Reaction: The Fed Cuts Rates 50-Basis-Points

The Federal Reserve's recent 50-basis-point rate cut sparks intense discussion. The hosts analyze the rare dissent among officials and market reactions. They explore rising unemployment, mortgage applications, and their effects on inflation and recession risks. The implications for the housing market and consumer loans, especially for lower-income households, are examined. Additionally, the podcast delves into how political pressures may influence future monetary policy amidst ongoing economic uncertainties.