Could housing be a strength of the economy as officials plan to battle the next recession?
Read More »The Week Ahead: Will New Year Bring Increased Sales?
Also in The Week Ahead are reports on home price data, an index of pending home sales and the latest from the Federal Reserve.
Read More »Interest Rates Unchanged After Strong Jobs Report
The outlook for rates beyond 2020 looks much than 2019. Click through to see the Fed’s projections.
Read More »President Donald Trump Criticizes The Fed
A report by Bloomberg states that President Donald Trump has accused the Federal Reserve of behaving like a “stubborn child” as it decided to not lower interest rates. ...
Read More »How Is the Fed Preparing for a Possible Recession?
Is a recession heading our way in 2020? If so, what is The Federal Reserve doing to fight it? Well, that answer may change depending who you ask. ...
Read More »Echoes of the Great Recession
Home lending in some areas of Cleveland Fed’s region has not yet fully recovered from the housing crisis. Here are the factors that are still impacting housing in this area.
Read More »Rising Mortgage Rates vs. Consumer Budgets
Mortgage rates rose again during the week according to a Freddie Mac survey, but here’s why the latest surge isn’t impacting borrowers … yet.
Read More »FOMC Hikes Interest Rates; Will Mortgage Rates Follow?
The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.
Read More »Powell: Burden on Bank Boards Likely to Be Relaxed
Bank boards might see less directives from the Federal Reserve if Jerome Powell has his way. The Federal Reserve Governor would like to allow banks’ board of directors to spend more time worrying about management and less time on day to day tasks. He also acknowledges the industry’s frustration with the lack of transparency in the CCAR, and would like to amend it to make it more efficient and effective.
Read More »Fed Removes ‘Patient’ Pledge after FOMC Meeting
Despite removing the “patient” policy, the Federal Open Market Committee remained steady on the belief that interest rates will not increase by their April meeting. Fed Chair Janet Yellen emphasized in a press conference following the meeting, the removal of the pledge doesn’t mean Fed rates will increase by June.
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