Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is ...
Tag: Jerome Powell
Mortgage Rates May Well Rise Again, Fed Chair Powell Warns
At an International Monetary Fund research conference held Nov. 9 in Washington, D.C., Federal Reserve Chair Jerome Powell warned that ...
In Joint Letter to Fed, NAR, MBA and NAHB Call for Action to Help Housing
With the housing market slumping and the Fed indicating rate hikes will likely continue, taking mortgage rates with them, three ...
Fed Pauses, But Projects Higher Rates Next Year
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving ...
Inflation Nudges Up, Adding to Rate Worries
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still ...
Fed Provides Little Clarity After Raising Rates to 22-Year High
An unsurprising 25-basis-point rate hike announced by the Federal Reserve today–something that real estate economists urged against–is placing the housing ...
Consumer Spending Sees Slight Increase in May
The latest personal consumption expenditure (PCE) index—the Fed's preferred inflation measurement—shows personal spending grew by 0.1% in May, marking the ...
Fed Pauses Rate Hikes Amid Cooling Inflation, With Further Increases Likely
It's been a long time coming, but folks—and the economy—can take a cautious sigh of relief as the Federal Reserve ...
Economists Urge Pause on Rate Hikes With Inflation Flat
As the latest inflation data shows continued, albeit slow, progress toward taming record inflation, some in the housing industry—including National ...
Inflation Sinks Again, but Focus Now on Banks
The latest CPI data shows another significant taming of price increases. The question is, does it matter anymore? After the ...
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