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:
Tag: Jerome Powell
The Week Ahead, June 21, 2022: MBA Spring Meetings Conclude; Mr. Powell Goes to Capitol Hill; and 3 Other Things to Know
Good morning and happy Tuesday! We hope you had a safe and happy Juneteenth holiday. Now, let’s talk about what’s 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.
The Week Ahead, Feb. 28, 2022: 4 Things to Know
Good morning and happy Monday! Here’s what’s happening in the real estate finance world this week:
The Week Ahead Jan. 10, 2022: Six Things to Know
Good morning and Happy Monday! Here are six things to know this week:
The Week Ahead Nov. 29, 2021: Three Things to Know
Good morning, and welcome back! We hope you had a wonderful Thanksgiving holiday. Here are three things to look out for this week:
The Week Ahead—July 12, 2021
Good morning! Even though it’s summer, things stay busy in Washington—and with the Mortgage Bankers Association.
The Week Ahead—June 21, 2021
MBA releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 15 consecutive weeks and is threatening to show loans in forbearance falling under 4 percent for the first time in more than a year.
Fed Statement Cites Ongoing Risks to Growing Economy
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.