FOMC Holds Rates Steady

The Federal Open Market Committee held interest rates steady yesterday–as many forecasters had predicted.

The Week Ahead, Mar. 6, 2023: Mssrs. Powell, Chopra Visit Capitol Hill

Good morning and happy Monday. It’s a busy week in Washington, with Federal Reserve Chairman Jerome Powell and Consumer Financial Protection Bureau Director Rohit Chopra scheduled to testify before Congress. But first, here’s what else is happening this week:

Fed Approves 1st Rate Hike in 4 Years

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time since 2018, marking a new approach to rising inflation and other economic pressures.

MBA Advocacy Update: Mar. 7, 2022

President Joe Biden delivered his State of the Union address last week to a joint session of Congress, focusing heavily on the war in Ukraine and rising inflation. Federal Reserve Chair Jay Powell appeared before both chambers of Congress, signaling to lawmakers that the Fed will lift interest rates a quarter-percentage point later this month.