Charlottesville, VA (CVILLE RIGHT NOW) – CBS business analyst Jill Schlesinger provided insights into the Federal Reserve’s latest interest rate cuts and their broader impact on the economy. 

Schlesinger explained, “It’s good that the Federal Reserve has recognized that inflation, at least as measured by the inflation rate… has come down pretty dramatically, and that’s great news for all of us.” She highlighted the challenge of balancing inflation control with maintaining a strong labor market. 

On the real estate front, Schlesinger added, “Mortgage rates have already started to come down… we were at almost 8% in the 30-year fixed rate and now we’re down to closer to 6%. Hey, that’s good, that’s a big change.” 

Despite some uncertainties, Schlesinger expressed optimism that the Fed’s actions could steer the economy towards stability. Listen to the full conversation here: