Federal Reserve
After mortgage rates reached as high as 8% in October 2023, the Federal Reserve paused on hiking the Fed funds rate and said it would cut interest rates three times in 2024. The timing of those cuts has changed from March to May, despite PCE inflation falling below the Fed’s 2% target over the last six months. Inflation levels and labor market dynamics continue to influence the Fed’s policy on rates, and we are keeping a close eye on those variables and how the Federal Reserve is reacting.
Latest Posts
Experts share insights about the Fed, data ‘vibes’ and housing trends
Apr 23, 2024Three experts – Logan Mohtashami, Mike Simonsen and Daryl Fairweather – shared insights about the housing market at The Gathering.
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Opinion: If you’re chasing volume, you’re chasing the wrong carrot
Apr 19, 2024 -
Powell makes it clear: No rate cuts anytime soon
Apr 16, 2024 -
As inflation heats up, mortgage rates also rise
Apr 16, 2024 -
As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?
Apr 15, 2024 -
How the CPI data took one Fed rate cut off the table for 2024
Apr 10, 2024 -
Mortgage rates change little ahead of big inflation report
Apr 09, 2024 -
The labor report gives the Fed a clear pathway to land the plane
Apr 05, 2024 -
What another strong jobs report means for the mortgage industry
Apr 05, 2024 -
Federal agency members voice support for new CRA rules
Apr 04, 2024 -
Barr: Fed is taking ‘thoughtful approach’ to Basel III rules
Apr 04, 2024 -
Judge sides with trade groups, halts new CRA rules
Apr 01, 2024