The Federal Open Market Committee yesterday, to no one’s surprise, left the federal funds rate unchanged at 0-0.25%. But analysts, including Mortgage Bankers Association Chief Economist Mike Fratantoni, were more interested in what the FOMC had to say about economic conditions and rising inflation.
Tag: Federal Open Market Committee
The Week Ahead—Apr. 26, 2021
The Federal Open Market Committee assembles in Washington this week for its regularly scheduled policy meeting, amid a hot economy and rising inflation.
Fed Sees ‘Substantial’ Economic Progress This Year
The Federal Open Market Committee yesterday acknowledged a fast-heating U.S. economy, but said it did not expect increases in the federal funds rate before 2023.
The Week Ahead—Mar. 15, 2021
Good morning! Another busy week is shaping up in Washington—on Capitol Hill and at the Mortgage Bankers Association.
FOMC Quietly Leaves Things Be
The first meeting of the Federal Open Market Committee during the Biden Administration was, as fitting, quiet and uneventful.
Fed Stays the Course: Monetary Policy ‘Quite Supportive for Housing, Mortgage Markets’
With the economy still suffering and a sharp uptick in coronavirus cases nationwide, the Federal Open Market Committee was widely expected to hold the line during its two-day policy meeting that ended yesterday. And it did.
Fed Stays the Course: Monetary Policy ‘Quite Supportive for Housing, Mortgage Markets’
With the economy still suffering and a sharp uptick in coronavirus cases nationwide, the Federal Open Market Committee was widely expected to hold the line during its two-day policy meeting that ended yesterday. And it did.
The Week Ahead—Dec. 14, 2020
We’re almost upon the holiday break—which is often the busiest time of the year here in Washington, as Congress attempts to wrap up its business and get out of town and the Mortgage Bankers Association wraps up its calendar-year activities.
Fed Sends ‘Loud and Clear’ Message on Low Rates
There were no real surprises coming out of yesterday’s Federal Open Market Committee meeting—there haven’t been for months, now—but according to Mortgage Bankers Association Chief Economist Mike Fratantoni, the message it sent was loud and clear.
FOMC Headline HERE
FOMC lede sentence HERE