Tag Archives: Jerome Powell

Fed pauses rate cuts, continues mortgage ‘quantitative tightening’

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Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.” Continue reading →

Brokers are beginning to see bright side of post-settlement landscape

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Industry changes stemming from the National Association of Realtors’ antitrust settlement have made listing appointments easier, among other perks, real estate leaders told Inman. Continue reading →

What’s next under President-elect Trump’s 2nd term? The economy

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Inflation and sticky mortgage rates undercut the housing market in 2024. President Trump has vowed to force both metrics down — but conflicting economic policies may make that goal difficult. Continue reading →

Mortgage rates ease a bit on November inflation surprise

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Core inflation rose less in November than forecasters had been expecting, in part because housing costs rose at a slower pace, Pantheon Macroeconomics Chief U.S. Economist Samuel Tombs said. Continue reading →

Fed cuts again, but mortgage rates climb on 2025 inflation worries

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Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025. Continue reading →

Homebuyers entering the market even as mortgage rates stabilize

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Purchase loan applications are up 9 percent from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability: MBA. Continue reading →

Mortgage rates continue descent as Fed hints at September rate cut

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Fed policymakers are acknowledging that while they’re determined not to cut rates until inflation is tamed, they’re also worried about waiting too long — and throwing the economy into a tailspin. Continue reading →

‘It’s finally happening.’ Cooler inflation opens the door to rate cut

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Overall inflation rose just 3 percent on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday. Continue reading →

Fed cool on rate cuts despite encouraging May inflation report

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Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease. Continue reading →

Barry Sternlicht: Rents will go up, and it’s Jerome Powell’s fault

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The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell’s interest rate campaign for killing activity in the multifamily sector. Continue reading →