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
‘There will be bank failures,’ Fed chief tells lawmakers
Mar 08, 2024Federal Reserve Chairman Jerome Powell said he expects some U.S. banks to fail in the coming months due to struggles in commercial real estate loan portfolios.
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Strong jobs report suggests rate cuts won’t come ‘til summer
Mar 08, 2024 -
Powell acknowledges concerns about Basel III bank proposal
Mar 07, 2024 -
Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes
Mar 06, 2024 -
The Fed is in no rush to cut rates amid inflation battle
Mar 06, 2024 -
Mortgage rates hold steady ahead of jobs report
Mar 05, 2024 -
Mortgage rates are the highest they’ve been this year. Did loan officers expect this?
Mar 05, 2024 -
Mortgage rates flirt with 7% mark again
Feb 29, 2024 -
4 Success strategies for mortgage originators to thrive in 2024
Feb 26, 2024 -
Why is Fannie Mae optimistic about a housing market recovery?
Feb 23, 2024 -
CPI inflation report shows the Fed loves playing with fire
Feb 13, 2024 -
U.S. inflation hotter than expected in January
Feb 13, 2024