Fed signals it may be done raising rates, but Powell won’t talk pivot

Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading

Fed Chair Jerome Powell signals latest rate hike could be the last

Mortgage rates expected to ease even as Fed vows to continue “quantitative tightening” that’s trimming mortgage holdings by $35 billion a month. Continue reading

Mortgage rates punch through 7% but may pause for Fed clues

Several Fed policymakers have hinted that they’d be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease. Continue reading

Omicron could lead Fed to exercise restraint on mortgage pullback

Financial markets have already dialed back expectations that the Fed would quickly withdraw its support for mortgage markets and hike short-term rates three times next year. Continue reading

Bad jobs report could hold silver lining for housing

The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading