This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.
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Mortgage Rates on the Rise in Advance of Fed Meeting
With the Federal Reserve expected to take further action to address continued inflationary concerns, mortgage rates rose for the second consecutive week amidst softening market demand.
Read More »Fed Holds Rates Steady
A strong economy and positive employment numbers factor into the Federal Reserve’s decision not to raise rates.
Read More »Experts Say Fed Minutes Could Signal Hike
The Federal Reserve will release the minutes of its April meeting on Wednesday afternoon, and if industry experts are on track, they could point to another rate hike on the horizon. Regional Federal Reserve Presidents Neel Kashkari, Robert Kaplan and James Bullard have all weighed in on the issue. The Fed previously raised rates from 0.75 points to 1 in March.
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