Items Tagged with 'Federal Reserve'

ARTICLES

3 interest rate hikes in 2017? Not a chance

New American exec explains why
The real estate industry is buzzing about the possibility of three interest rate hikes during 2017, but one expert says it will never happen. New American Funding’s executive vice president of capital markets explains that the U.S. economy is not in a position to sustain increasing interest rates.
Read More

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.
Read More

Wells Fargo fails living wills test; slapped with even more sanctions

Another day of bad news for megabank
Lately, it seems that Wells Fargo can’t even go a few days without another round of bad news. And Tuesday was another one of those bad-news days. Now, Wells Fargo is in trouble as the Federal Deposit Insurance Corp. and the Federal Reserve Board announced that the bank failed some of its “living will” tests and will be subject to business restrictions until the failures are remedied.
Read More

The war between Yellen and Trump

Fed likely to raise interest rates Wednesday
The ongoing battle between Federal Reserve Chair Janet Yellen and President-elect Donald Trump is about to escalate to a new level come Wednesday. The two already have a tense relationship due to Trump saying, “If I win, Yellen’s days at the Fed will be numbered.” Now Yellen is charged with having to keep a lid on inflation in the midst of optimism following Trump’s victory.
Read More