Items Tagged with 'FOMC'

ARTICLES

Fed's Bullard says GSE reform could lead Fed to dump Fannie, Freddie holdings

Federal Reserve Bank of St. Louis president on future of housing
While it's clear the Trump administration plans to move on GSE reform, what isn’t known yet is just what those plans will look like. Further, what impact will those plans put on the country’s financial system? One area where the Trump administration’s GSE plans could reverberate is on the Federal Reserve and its mortgage bond holdings.
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Fed does not raise interest rates in first meeting of 2017

First meeting since the Fed raised interest rates in December
In the first meeting of the year and also the first meeting since the FOMC last voted to raise interest rates, the Federal Open Market Committee unanimously voted to maintain the target range for the federal funds rate. After Wednesday’s meeting, there are now only seven scheduled FOMC meetings left for the year.
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ADP predicts strongest jobs increase since June

Strong gains in construction employment
ADP’s employment report shows the highest increase the nation has seen since June 2016. However experts explain why this may not fall in line with the jobs report later this week. The boost was heavily driven by an increase in construction employment; a welcome relief to the supply-starved housing market.
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Here's more industry response to the Fed raising interest rates

Fed meeting held "little surprise"
Since the majority of the market believed the Federal Reserve would increase interest rates this Wednesday, a lot of economists had time to formulate what this news would mean for the housing market. As the comments continued to pour in, we covered them here. Even though the market already assumed this December increase, it’s what economists believe will happen moving forward that’s most telling.
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