Further Fed Rate Cuts Likely Ahead Despite May Hold

MPA, May 8, 2025-Jonalyn Cueto
The Federal Reserve kept interest rates unchanged in yesterday’s decision but highlighted the risk of a jump in unemployment and inflation due to the ongoing trade war – and Mortgage Bankers Association (MBA) senior vice president and chief economist Mike Fratantoni believes rate cuts are still on the way in the second half of the year.
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