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Tag Archives: Federal Reserve Bank of New York

NY Fed President Dudley Reverses Interest Rate Hike Forecast

The uncertainty surrounding the highly anticipated interest rate hike has kept the industry on its toes about just when the Federal Open Market Committee will raise rates, but New York Fed President William Dudley has recently reversed his initial forecast for the increase, presenting even more skepticism.

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Consumer Expectations Toward Housing and Economy Growing More Positive

The survey found that home price change expectations rose to 3.5 percent, their highest level this year, and median earnings growth as well as household spending growth expectations increased from the prior month. Median consumer inflation expectations at both the short and medium term horizon continue to be stable, while labor market expectations also continued to improve and credit availability expectations were largely unchanged.

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House Committee Issues Subpoenas to DOJ, Treasury, New York Fed

The Committee is accusing the U.S. Department of Justice, the Treasury Department, and the Federal Reserve Bank of New York of obstructing active investigations by withholding crucial information. According to the Committee's announcement, the three agencies were warned that their failure to comply with the Committee's request to turn over the information would result in the issuance of subpoenas.

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New York Fed Says Path for GSE Reform ‘Does Not Look Promising’

With GSE reform a hot topic among government officials and those in the housing industry, the Federal Reserve Bank of New York has issued a report stating that the "path forward for reform of Fannie Mae and Freddie Mac does not look promising" and that failure to wind down the GSEs equated to a "colossal missed opportunity" to put U.S. residential housing finance on more stable footing.

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Survey: Consumers Expect Home Prices to Increase

The Federal Reserve Bank of New York released its latest Survey of Consumer Expectations for June 2014. The survey found that consumer's expect home prices to increase in every region except one—the South—where a slight decrease is expected.

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NY Fed: Consumer Expectations Rise in March

A new survey put out by the Federal Reserve Bank of New York found that consumer expectations rose slightly in March, and home price change expectations declined slightly. The bank's findings from the Survey of Consumer Expectations (SCE) found that consumer expectations both rose at the one-year and three-year horizon by 3.2 percent and 3.4 percent, respectively.

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Has Consumer Outlook for the Housing Market Changed?

Real Estate Market

Consumer expectations for the housing market remain about the same, according to the latest poll from the Federal Reserve Bank of New York. In the New York Fed's most recent Survey of Consumer Expectations (SCE), consumers last month indicated a median home price change expectation of 4.0 percent, reversing an increase to 4.6 percent in January.

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