Federal Reserve policymakers say they’ll slow the pace of “quantitative tightening” to $40 billion a month, less than half the pace envisioned 2 years ago.
Category: Jerome Powell
Homebuyers rush to lock as mortgage rates hit new 2024 highs
Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June.
Fed preparing to slow the pace of ‘quantitative tightening’
In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet.
Mortgage rates poised to drop as Fed projects 3 cuts
Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder.
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we are not confident that we have achieved such a stance.”
Fed stays put but is prepared to hike rates one more time this year
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.
Jumbo mortgage rates rise as lenders pull back
Rates for mortgages backed by Fannie and Freddie continue to ease despite Federal Reserve Chairman Jerome Powell’s tough talk on inflation, but liquidity issues put pressure on bigger loans.
Fed slows rate hikes, but remains wary of entrenched inflation
Half a percentage point “is still a historically large increase and we still have some ways to go,” Fed Chairman Jerome Powell warns as policymakers wrap up final meeting of the year.