The European Central Bank announced that they are cutting 50 basis points, which was twice as high as people thought at 25 basis points.
Next week, the Fed has their announcement. It's widely expected at least 75 basis points. But some people think it maybe 100 basis points.
We're seeing home sales slowing still at an elevated pace, but it's slowing. So it's less good news. That's the result of higher interest rates, which we saw, starting at the beginning of this year. So the economy will feel those effects as the Fed bonds and banks have higher interest rates.
Two big central banks are trying to tame inflation, which, of course, when you raise interest rates, the central bank rates, you potentially sacrifice growth.
Have we seen peak inflation? We could actually see lower inflation. So keep watching the data.