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Tag Archives: FOMC

State of the Market

Fed Rate

The Federal Open Market Committee released its minutes from its meeting in July on Wednesday, which detailed the Fed’s outlook on the state of all facets of the economy since its meeting in June, when it decided to raise interest rates.

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The Week Ahead: Yellen, Yellen, Yellen

It seems like every week Janet Yellen, Chair of the Federal Reserve Board of Governors is making news. Next week, the Federal Open Market Committee will meet for the fifth time in New York City. Will the Fed choose to raise interest rates for the second time in two months?

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The Week Ahead: Yellen in the Spotlight

Janet Yellen will be in the limelight again on Wednesday and Thursday, this time testifying before both the House and the Senate. Will The Fed say more of the same, or will her testimony bring more changes?

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FOMC: Economy Strong Enough to Raise Interest Rates

The Federal Open Market Committee voted Wednesday to raise interest rates for the second time this year to 1-1.25 percent, a move that was widely expected amongst economists and industry professionals and described as “prudent” by FOMC Board of Governors Chair Janet Yellen. Back in March, they voted to increase the rate a modest quarter of a point to maintain the Fed’s goal of maximum employment and market stability. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession.

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FOMC Convenes: What Could Happen to Mortgage Rates

On Wednesday the Federal Open Market Committee is set to finish its June meeting, and it is widely expected that they will raise interest rates in order to stabilize the economy, despite inflation holding at around 2 percent. In May, when they last met, members of the board chose to keep interest rates at their current level. What might an increase mean for mortgage interest rates? One expert believes it might not impact the mortgage market at all.

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Fed Nixes Rate Hike in May Meeting

The Federal Open Market Committee opted to keep the federal funds rate as-is during its May meeting. The FOMC raised the rate in March from 0.75 to 1 percent. It was largely expected that the FOMC would raise rates at least two more times over the course of 2017.

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