Market Update

Wall Street took Wednesday’s policy pivot as a sign of more aggressive cuts to come. Traders now see a more than 50% chance that the Fed will lower its federal funds rate target range by another 75 basis points to between 4% and 4.25% by the end of the year.

“Most” Fed staff believe the central bank will lower interest rates in 2025, according to minutes released Wednesday afternoon from the June 17-18 meeting of the Federal Open Market Committee, the Fed’s policy-setting panel which opted to hold interest rates at the 4.25% to 4.5% range they’ve sat since December.

The Clark County real estate market in Nevada has 13,868 homes for sale as of April 2025, a 14.0% increase compared to March 2025. The market is likely impacted by interest rate fluctuations, which can affect affordability and purchasing power for homebuyers.