![]() ![]() Some fear the Fed could raise the rate by a full point, following consecutive jumbo increases of three quarters of a point at its last two meetings. Most economists forecast that the Fed will jack up its primary lending rate another three-quarters of a point when the central bank’s leaders meet next week. More inflation data this week suggests that while gas prices have retreated significantly since early in the summer, prices for most other necessities have actually gone up, panicking investors who fear a possible recession if the Fed keeps boosting rates. George Walker Bush left the White House and Americans welcomed Barack Obama. The Fed has raised its benchmark short-term interest rate four times this year, and Chairman Jerome Powell has said that the central bank will likely need to keep interest rates high enough to slow the economy “for some time” in order to tame the worst inflation in 40 years. The 2008 financial crash involved Investment banks Insurance companies Credit rating agencies US Federal Banks Investors and the people of the USA The crash occurred during the presidential transition. economic growth have sent the 10-year Treasury rate up sharply, to 3.45%. Recently, faster inflation and strong U.S. That’s influenced by a variety of factors, including investors’ expectations for future inflation and global demand for U.S. Pending home sales fell by 3.9 in April, according to data released last week by the National Association of Realtors (NAR), while sales of new single-family homes, which account for 9.5 of all. Mortgage rates don’t necessarily mirror the Fed’s rate increases, but tend to track the yield on the 10-year Treasury note. “Either they’re discouraged or they are kind of forecasting a better time to maybe enter the market.” “We’ve seen a few layers of buyers peel off and kind of sit on the sideline, if you will,” he said.
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