Stock Market Today: Stocks Maintain Gains After Fed Signals 2022 Rate Hike
The Federal Reserve didn’t pull the tapering trigger Wednesday, but its members did suggest a rate hike could be on tap as early as next year.
The Federal Reserve didn’t pull the tapering trigger Wednesday, but its members did suggest a rate hike could be on tap as early as next year.
If you pay attention to the news, you have probably noticed that the Fed makes headlines every so oftenâand it usually dovetails with other major events. In response to a stock market spiraling in the face of COVID-19 in 2020, the Fed cut its interest rates swiftly and seriously, to between 0.0% and 0.25%. As […]
The post Federal Reserve Interest Rates, Explained appeared first on SoFi.
The FOMC’s March minutes didn’t give investors much else to munch on, resulting in a mostly sideways Wednesday for the major indexes.
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st, 2013. The contents werenât all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip
The post The Fed Minutes and Mortgage Rates first appeared on The Truth About Mortgage.
Stocks, especially tech, appeared poised for yet another bloodletting on Friday despite a stellar February jobs report. Then came the turn.
In light of the ongoing coronavirus outbreak, which were the Federal Reserveâs very own words, the Committee took bold action to lower the target range for the federal funds rate to 0% to 0.25%. Thatâs a full percentage point lower than the 1% to 1.25% it had been previously. And comes on top of the [&hellip
The post The Federal Reserve Has Swooped In to Save Mortgage Rates first appeared on The Truth About Mortgage.
Kiplingerâs latest forecast on interest rates
Just because the Fed is staying put doesnât mean that mortgage rates, and prices of MBS, are staying put as well, writes Vice Capital Markets Principal Chris Bennett
Another big day for energy prices (and a little help from Uncle Warren) sent Chevron higher Wednesday, helping to lift the Dow.
Posted To: MBS Commentary
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. EconomicThe pace of the recovery in economic activity and employment havehas continuedmoderated toin recoverrecent butmonths, remainwith wellweakness belowconcentrated theirin levelsthe atsectors themost beginningadversely ofaffected by the yearpandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households…(read more)