Why federal interest rates likely won't drop anytime soon

The video discusses the impact of interest rates on big purchases, highlighting that Federal Reserve rate cuts do not directly translate to lower mortgage rates. It explains the connection between mortgage rates and the 10-year Treasury yield. The video also explores economic predictions under a Trump presidency, including potential inflation and fewer rate cuts. Finally, it examines Trump's possible influence on the Federal Reserve, noting his campaign promises for more involvement.

What factors can influence the mortgage rates despite cuts in interest rates by the Federal Reserve?

How does the 10-year Treasury yield relate to the 30-year mortgage rate?

What is the Federal Reserve's stance on interest rate cuts in the near future according to Jerome Powell?

What are some potential economic impacts of president-elect Trump's policies?

In what ways might president-elect Trump influence the Federal Reserve's decisions?