LendingTree Forecast: Chief Economist Predicts a Rate Pause

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LendingTree Forecast: Chief Economist Predicts a Rate Pause

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RISMEDIA, June 25, 2007?The next Federal Open Market Committee (FOMC) meeting will take place on Wednesday, June 27 and Thursday, June 28. LendingTree Chief Economist Jim Svinth forecasts the eighth straight pause in interest rate hikes.

“The Fed is stuck in neutral and will likely keep the Fed Funds target at 5.25% at their next meeting,” says Svinth. “The two driving variables right now are the domestic housing market and global inflation risk. The FOMC will continue to watch both of these indicators closely to see which one tips the scale before a rate change is made.”

The Federal Reserve pause campaign has lasted nearly one year dating back to August 8, 2006.

For more information, visit http://www.lendingtree.com.

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Categories: Finance and Economy