ilmscore | The Fed Meeting Recap: Stocks Decline, Rates Paused Indefinitely, Housing Market Update

The Fed Meeting Recap: Stocks Decline, Rates Paused Indefinitely, Housing Market Update

Published: 2024-01-31
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Credit card interest rates are likely to remain elevated through at least the May 2024 Federal Reserve meeting.
"it's likely that that interest rate is going to remain elevated for at least some portion of this year maybe up until the May meeting"
Credit Card Interest Rates
Pending
When interest rate cuts begin, pent-up demand in the housing market could lead to bidding wars and disproportionate increases in home prices.
"when we actually start to see interest rate Cuts we could see a bidding war for many of the houses that are actually out there and we actually might see prices increase disproportionately for actually how much the interest rates actually get cut"
Housing Market
Pending
The Federal Funds Rate is predicted to remain high and might not be cut until May 2024.
"rates will stay high and might might not get cut until May"
Federal Funds Rate
Pending
Mortgage interest rates are predicted to remain elevated for the next 2 to 4 years (from January 2024).
"your interest rate may stay elevated for next 2 to four years"
Mortgage Rates
Pending
Even if general interest rates are cut in 2024, mortgage rates are likely to remain above 4-5% for the year.
"even if interest rates get cut a little bit this year they're likely still going to be above four to 5% of a mortgage rate that you're going to get"
Mortgage Rates
Pending