U.S. banks' can expect their long-term business strategies to continue to be affected by the "lower-for-longer" interest rate environment that Fed officials have placed the industry in.
Read More »Former Fed Chair Bernanke Says Individuals Should be Held Accountable for Crisis
Former Federal Reserve Chairman Ben Bernanke said on Thursday that he believes the U.S. government should have sought the prosecution of individuals for their roles in precipitating the 2008 financial crisis rather than companies.
Read More »Mortgage Rates Lower Following Fed’s Hike Deferment
Mortgage rates lowered to 3.86 percent for the week ending September 24, 2015 after the Federal Reserve decided to keep interest rates near zero last week.
Read More »Homebuyers Unshaken by Possible Rate Increase
Buyers are still motivated to purchase homes, even if the Federal Reserve decides to raise interest rates in one of their last two meetings of the year.
Read More »Federal Reserve Leaves Interest Rates Unchanged in Meeting
The Federal Reserve decided on Thursday to keep the federal funds target rate at zero to 1/4 percent, where it has been for nine years, at the September meeting of the Federal Open Market Committee.
Read More »Federal Reserve Keeps Interest Rates Near Zero
"In determining how long to maintain this target range, the Committee will assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation," the Fed said in a statement.
Read More »Housing Market Will Adjust if Fed Raises Rates, Economist Says
As the Federal Reserve prepares to convene for their September 17th meeting, many wonder how a possible rate increase will affect the housing market.
Read More »BLS Job Gains Weaker Than Expected in August; Analysts Divided on Fed Rate Hike
Job gains fell below expectations for the month of August, totaling less than 200,000, but wage growth finally began to show some upward pressure. However, analysts are still divided on whether it will be enough to convince the Federal Reserve to raise interest rates in their September meeting.
Read More »Fed Reports Positive Residential Real Estate Activity Across all 12 Districts
The Federal Reserve reported in its August 2015 Beige Book released Wednesday that economic activity continued to expand across most regions and sectors, while the majority of reports on residential real estate markets across the 12 Fed districts were positive.
Read More »International Officials Urge Fed to Proceed With Rate Increase
International officials and bankers have voiced that they are tired of the hesitancy seen within the Federal Reserve when discussing interest rate increases.
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