Articles Tagged with ''Federal Reserve''

President Trump 'not happy' with Fed hiking interest rates

Mortgage rates keep inching higher, as well
President Donald Trump is giving the Federal Reserve grief over interest rate hikes once again, but Federal Reserve Chairman Jerome Powell isn't paying him any mind. Meanwhile, mortgage rates are continuing to inch higher, higher today than in the last seven years, actually.
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Freddie Mac: Mortgage rates reach highest level since 2011

Mortgage rates climb for fifth consecutive week
Mortgage rates spiked to their highest level in over seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage climbed for the fifth consecutive week to 4.72%, which is a high not seen since April 28, 2011.
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Federal Reserve hikes interest rates again

As expected, the Federal Reserve pushed rates up an additional .25% to stymie inflation
The Federal Reverse raised interest rates for the third time this year, pushing rates up by .25% to 2.25%. Strong economic growth and a booming job market have led to the eighth rate hike since 2015, as the Fed tries to rein in the acceleration of inflation.
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Waters and 18 legislators demand Federal Reserve continue to regulate megabanks

Ranking Member and Congressmen, D-Colo. Ed Perlmutter helps lead the charge
This week, members of Congress demanded the Federal Reserve maintain strong capital requirements for Global Systemically Important Banks. Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and Ranking Member of the House Committee on Financial Services Subcommittee on Terrorism and Illicit Finance Ed Perlmutter, D-Colo., led the charge.
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Powell defends Fed’s approach to monetary policy

Expects to continue raising interest rates
Federal Reserve Chair Jerome Powell defended the Fed’s current approach to monetary policy in a speech at the Jackson Hole symposium on Friday. In his speech, he outlined the current state of the U.S. economy and expressed his view that, for now, rate hikes will likely continue.
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FOMC minutes confirm September interest rate hike is highly likely

Unsure of policy toward major trade disputes
The Federal Reserve released its minutes Wednesday for its July 31 to August 1 meeting, where it unanimously voted to keep the federal funds target the same at 1.75% to 2%. Now, minutes from the meeting all but solidify the chances of a rate hike at the September meeting this year. But one dark cloud hung over the optimistic view of the economy.
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Comeback kids: Is it time for the return of the joint-venture?

Relaxing regulations and competitive market conditions could bring favor back to the JV
The return of the joint venture might be nigh upon us. Last week, the Federal Reserve lifted its hand off of Flagstar Bancorp, terminating its Supervisory Agreement with the company. Could this be indicative of sea-change for the mortgage lending industry?
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Bloomberg: Trump taking shots at the Fed, again

Trump publicly expresses displeasure with decision to increase interest rates
President Donald Trump is back at it, taking shots at Federal Reserve Bank Chair Jerome Powell. Bloomberg reports that according to the three people present at a fundraising event in the Hamptons, Trump complained to wealthy Republican donors at a fundraiser in the Hamptons that Powell was raising interest rates.
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