When Will the Fed’s Moves Alleviate the Lock-in effect?

HousingWire, June 13, 2024-Flávia Furlan Nunes
Federal Reserve Chairman Jerome Powell told reporters on Wednesday that the U.S. housing situation is a “complicated one” and that “bringing inflation down” is the best thing officials can do to help. Cooling inflation will eventually allow the Fed to cut rates and alleviate the current lock-in effect, but this process will take longer than previously estimated.
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