How will interest rate cut impact Austin's real estate market?

After months of speculation, the Federal Reserve cut interest rates last week. Federal Reserve Chair Jerome Powell also announced there are plans for more cuts later this year, and into next year. 

Federal Reserve cuts interest rates, but how will it impact Austin?

The Federal Reserve cut interest rates this week, but what will the impact be on Austin's real estate market? Olivia Vale with Roots Residential Group joins FOX 7 Austin's John Krinjak to break it down in this FOX 7 Focus.

Federal Reserve cuts interest rates: What it means
video

For the first time in four years the Federal Reserve cut interest rates. It's a big deal but why? Finance professor Dan Roccato explains.

Would Harris or Trump do a better job on the economy? Voters spilt in new poll

About 4 in 10 registered voters say Trump would do a better job handling the economy, while a similar number say that about Harris, according to a new AP-NORC poll.

Will the Fed's rate cut bring down mortgage rates?

While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.

Federal Reserve slashes key rate by half-point, signals end of inflation battle

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers.

Study finds only 9 cities where childcare is cheaper than rent

Parents are facing the financial challenges of managing high childcare expenses that surpass what they pay for rent in most U.S. cities, according to a new study.

Poll shows Americans take dim view of grocery industry amid recalls, inflation

A recent Gallup poll reveals a shift in Americans' opinions of the grocery industry, with more negative than positive views for the first time. Concerns over inflation and food safety have contributed to declining confidence in a once highly-rated sector.

Fast food kids meal prices jump: Here's how much they've increased over 10 years

A new study reveals that fast food kids meal prices have risen 43% over the past decade, outpacing inflation. Chick-fil-A leads with a 63% increase, while Dairy Queen saw the smallest change at 21%. Find out how your favorite chains compare.

Mortgage rates, holiday retail sales and stocks
video

FOX's Max Gorden has a look at some top business and financial headlines in today's FOX Means Business.

US could lose all bank branches by 2041 as closures surge, financial report finds

A new financial report predicts that physical bank branches in the U.S. could disappear by 2041 if current trends continue, with over 1,600 closures per year. California, Florida, and Illinois have seen the highest number of closures as Americans increasingly turn to online banking options.

Rare dime likely worth over $500K could be hiding in your pocket

A rare dime from 1975 that lacks the letter "S" for the San Francisco mint it came from is up for auction and is expected to fetch more than $500,000.

Inflation continues to cool, latest numbers show

The prices of gas, groceries and cars are either falling or rising at slower rates than before the pandemic. That’s after peaking at a 40-year high in mid-2022.

Google Maps: Why you should blur your home
video

Online scammers are grabbing the attention of would-be victims nationwide because of new and frightening details they're using to convince people to pay up. Consumer Steve Noviello has details and shares his story of being recently targeted.

US inflation hits 3-year low as Federal Reserve set to cut interest rates

With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.

Mega Millions player strikes $800 million jackpot

The grand prize in Tuesday's drawing was the seventh-largest prize in the game's history.

Company plans to track workers' locations in return-to-office crackdown

One of the world's biggest consulting and accounting firms plans to monitor its employees' locations to ensure compliance with a stricter return-to-office policy set to take effect next year.