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.
Tag: Federal Reserve
GDP Grew at 1.6% in Q1; Industry Economists Weigh In
Real gross domestic product increased at an annual rate of 1.6% in the first quarter, per the advance estimate released by the Bureau of Economic Analysis.
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.
To the Point With Bob: Proposed Capital Requirements on Big Banks Would Mean Fewer Choices, Higher Mortgage Costs
MBA President and CEO Bob Broeksmit, CMB, provides his perspective on the latest proposed capital requirement developments and their effects on the industry.
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.
Officials Provide Updates on Repurchases, ADUs, Outlooks at MBA Annual
PHILADELPHIA–A slate of federal officials took to the stage to provide updates at the Mortgage Bankers Association’s Annual Convention & Expo here Oct. 16.
Officials Provide Updates on Repurchases, ADUs, Outlooks at MBA Annual
PHILADELPHIA–A slate of federal officials took to the stage to provide updates at the Mortgage Bankers Association’s Annual Convention & Expo here Oct. 16.
MBA Advocacy Update Sept. 25: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards and Increased Nonbank Reporting in Speech
This week’s top legislative and policy news from the Mortgage Bankers Association.