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Dropping interest rate needed to avert further market downturn
Tuscany V file
The year 2023 saw a 9.62 percent decline in Valley building permits, reflecting a slowdown in the housing sector. Because there is a significant inventory shortage, Valley home values saw an increase of 1.88 percent in 2023. - photo by JEFF BENZIGER/ Courier file photo
Interest rate cuts by the Federal Reserve will be playing a critical role for the rebound of the nation’s economy in 2024, according to the latest Valley Business Forecast report produced by Gökçe Soydemir, professor of business economics at Stanislaus State.