Fed Holds Rates Steady

The Federal Reserve held rates steady Wednesday and now projects only one rate cut in 2024.

Fed Holds Rates Unchanged May 1

The Federal Reserve held rates steady at its meeting ended May 1, as data regarding the strength of the economy and stubbornly high inflation have resulted in a shift in the timing of any rate cuts.

MBA Chart of the Week: Goods and Services Inflation

The week’s news has been around the Consumer Price Index (CPI) release showing that inflation was hotter than expected in March, which is likely to delay the Federal Reserve’s first rate cut in 2024 and contributed to a significant spike in the 10-year Treasury yield to over 4.5%.

Fed Holds Rates Steady

The Federal Open Market Committee held rates steady on Wednesday, stating that “the risks to achieving its employment and inflation goals are moving into better balance”

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.

Fed Holds Rates Steady

The Federal Reserve’s Federal Open Market Committee announced it would be holding the target range for the federal funds rate unchanged yesterday, as it continues to aim for a 2% objective for inflation.