“A light at the end of the tunnel” for mortgage rates?

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years, but we’ll have to wait seven more weeks. Powell cited greater progress toward lower inflation as well as a cooler job market. Bonds are rising in anticipation, and the average 30-year fixed mortgage fell to 6.7%. Watching all of this is Diane Swonk, the chief economist at the audit tax and advisory firm KPMG.

Hollywood actors will be picketing again today, less than a year after a historic strike brought the film and TV industry to a standstill. This time, the strike is against video game producers, who use union actors for voices and movements that bring characters to life in games.