NEW YORK–John Williams, President and CEO of the Federal Reserve Bank of New York, offered an optimistic but measured view of the U.S. economy during a session at the Mortgage Bankers Association’s Secondary and Capital Markets Conference.
Tag: Federal Reserve
FOMC Rate Pause Remains; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged on Wednesday.
Fed Cuts Interest Rates 25 Basis Points; MBA Economist Weighs In
The Federal Reserve cut interest rates by 25 basis points Nov. 7.
Fed Cuts Interest Rates 50 Basis Points; MBA Economist Weighs In
The Federal Reserve cut interest rates by 50 basis points Sept. 18.
Fed Holds Rates Steady Again
The Federal Reserve again held rates steady July 31, noting that there has been “some further progress toward the Committee’s 2% inflation objective” over the past few months.
MBA Continues to Cite ‘Substantial Concerns’ in Basel III NPR Comments
Following a joint comment letter with other trade groups submitted last week, the Mortgage Bankers Association also outlined more in depth concerns about the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards in a separate letter Tuesday.
MBA, Housing Trades Call on Fed to End Rate Hikes, Pledge Not to Sell MBS Book
On Monday, the Mortgage Bankers Association led a coalition letter sent to the Board of Governors of the Federal Reserve that conveyed the housing industry’s serious concerns about the negative market impacts the Fed’s monetary policy actions (e.g., rate hikes and quantitative tightening) are having on the market.
Fed Keeps Rates Steady But Options Open
The Federal Open Market Committee held rates steady at its June meeting but kept its options open for July and later this year.
Fed Raises Rates; Is That It?
The Federal Open Market Committee raised the federal funds rate by another 25 basis points last week to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market last week raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.