Janet Yellen oversaw her final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) Wednesday afternoon, with the Committee holding fast on interest rates and revising their projections on expected inflation. “Gains in employment, household spending, and business fixed ...
Read More »Fed Anticipates Economic Boosts from Tax Bill
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as other key economic concerns. That meeting saw the ...
Read More »Yellen: Tax Reform Will Likely Provide ‘Some Lift’ to Economy
After a two-day policy meeting, the Federal Reserve today announced an interest rate hike as expected, after which Fed Chair Janet Yellen addressed her expectations for the tax reform bill Congress is trying to get across the finish line.
Read More »The Week Ahead: Fed Chair Press Conference and FOMC Forecasts
On Wednesday, the The Fed Chair will hold a press conference to address the FOMC forecasts releasing that same day. Here’s what else is in store during The Week Ahead.
Read More »Powell’s Appointment to Fed Chair Bodes Well for Housing Market
With mortgage rates expected to hold mostly steady under Powell, the housing market should continue to flourish.
Read More »Fed Opts Out of Rate Hike Until ‘Further Improvement’ in Economy
The Federal Open Market Committee (FOMC) stood still Wednesday as all eyes in the mortgage industry awaited their announcement to leave the federal funds rate at its current level.
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