Rising real estate prices helped drive U.S. household wealth to $113.8 trillion ...
FILE PHOTO: A townhouse for sale that is currently under contract is seen in Bethesda, Maryland December 30, 2015. REUTERS/Gary Cameron
That compares to an downwardly revised $113.3 trillion net worth for households in the second quarter of 2019. On Wednesday, the Fed kept interest rates unchanged after cutting them three times this year and reiterated it now plans to keep rates where they are for the foreseeable future. The U.S. central bank reduced borrowing costs this year to boost the economy in the face of slowing global growth and the ongoing U.S.-China trade war.
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