Washington’s political drama obscures potential new rate drops
The forecast for interest rates is still low, reinforced by new information from the Federal Reserve. Continue reading
The forecast for interest rates is still low, reinforced by new information from the Federal Reserve. Continue reading
President Trump has tweeted that the “boneheads” at the Federal Reserve should lower interest rates to “zero” or “less,” but Federal Reserve Chairman Jerome Powell took a more moderate approach. Continue reading
Every thought in President Trump’s tweets is mistaken, which markets and businesses understand. They also understand that these tweets have no effect on Fed decisions. However, the erroneous content is worrisome because he does directly control trade a… Continue reading
Central banks can see this coming, underway in several places. But they have another problem: very little room to cut rates, and desperately frightened of the “zero bound.” Thus a continuous argument worthy of Monty Python: Do we fire our limited ammun… Continue reading
Yield curves predicting recessions did so historically and will again at the end of Fed overshoots. The Fed has done no such thing this time. Continue reading
The Federal Reserve announced on Wednesday that it would hold the federal funds rate in a range between 2.25 percent and 2.5 percent due to a strong labor market and robust economic activity. Continue reading
Uncle Sam is getting serious about illicit money laundering, especially as it applies to real estate. Here’s what the Fed and four other regulatory agencies are doing to take action against financial crimes that affect our industry every day. Continue reading