Federal Reserve
The Federal Reserve lowered the benchmark interest rate for the first time in nine months on Wednesday, offering a glimmer of hope to homebuyers and industry professionals who have been waiting on the central bank to make things easier on borrowers. Federal Open Market Committee (FOMC) members voted 11-1 to implement a quarter basis point…
Even though a lot can happen in 37 days, investors appear confident that the Federal Reserve will implement a benchmark interest rate cut at its next policymaking meeting in September. CME Group’s FedWatch tool, which leverages investor moves on the market to put odds on whether the Federal Reserve will stand pat or alter interest…
Last week’s disconcerting jobs report by the Bureau of Labor Statistics may have bolstered the case for a September rate cut. However, President Donald Trump is calling the report politically motivated and “rigged,” despite his own demands that the Federal Reserve slash rates. As everyone likely knows by now, Trump prompted fresh outrage on Friday…
Prospective homebuyers might have to wait longer for mortgage rates to dip down after the Federal Reserve decided to maintain benchmark interest rates on Wednesday, despite some dissension on the central bank’s board of governors. The move marks the fifth consecutive meeting the Federal Reserve opted against cutting rates. This month’s meeting, however, marked the…
The Federal Reserve announced that it decided to keep benchmark interest rates steady on Wednesday amid continued concerns over inflation and the potential for economic slowdown related to the president’s tariff policy. However, there appears to be some disagreement over the way forward, with at least one Fed official calling for a rate cut in…
