Federal Reserve Chair Jerome Powell is known for providing clear signals about the central bank’s next interest rate move in order to avoid roiling markets. But Wall Street was mostly clueless this week when it came to predicting how big a rate cut the Fed would deliver on Wednesday.

The Fed delivered a 50 basis point rate cut on Wednesday - lowering borrowing costs for the first time in more than four years - and assured investors the jumbo-sized reduction wa

Inflation might actually fall too far, the Fed governor says, opening the door wider for more half-point interest-rate cuts.

Over the past few years, elevated mortgage rates and sky-high housing prices have contributed to a lack of home affordability.