How many Fed rate cuts should we expect in 2024?
#BreakingNews: The Federal Reserve has held its key interest rate unchanged, opting against a cut as it continues to weigh up whether economic indicators are trending in the right...
Fed announces June rate decision
The decision arrives even as inflation showed signs of moderating, with Labor Department data released this morning showing that the consumer price index (CPI) increased by 3.3% in May –...
What’s in store for the mortgage market in 2024’s second half?
Despite the likelihood of rates remaining high for the foreseeable future, many buyers are determined to push ahead with their homebuying plans – with or without a rate cut by...
Could a Fed rate cut intensify housing market bidding wars?
Susan Collins, president of the Fed in Boston, said at an Atlanta Fed conference that “mixed” recent inflation data showed the battle to reach the central bank’s 2% target was...
Core US inflation begins to cool
Shelter and gasoline costs continued to drive price growth, making up 70% of the overall CPI increase, according to the Department of Bureau and Labor Statistics. Fed officials have sounded...
Was the Fed’s latest statement positive or negative for the mortgage market?
“I would say that anything is theoretically possible. We learned that lesson when the pandemic started, but I’d say this is an election year and the odds of the Fed...