What Will The Federal Reserve Decide To Do This Week?
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What Will The Federal Reserve Decide To Do This Week?

By PATRICK LAVERY “The waiting is the hardest part,” Tom Petty once sang, and it appears that will be the case for at least another six weeks, as experts predict the Federal Reserve Board will preserve its key interest rate at a range of 4.25% to 4.5% at the conclusion of the Federal Open Market…

Fed Leaves Interest Rates Unchanged, Citing Trump’s Economic Policies
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Fed Leaves Interest Rates Unchanged, Citing Trump’s Economic Policies

By PATRICK LAVERY Though often guided by the decisions and directives of the executive branch, it is relatively rare for the Federal Reserve Board to publicly make reference to the policies of a presidential administration – save for an extenuating circumstance such as the COVID-19 pandemic – when announcing the reasons for the board’s own…

What Will The Federal Reserve Do?
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What Will The Federal Reserve Do?

By PATRICK LAVERY As a tariff standoff between President Donald Trump’s administration and the nations of Canada, China, and Mexico leaves the immediate future of the American economy hanging in the balance, odds are overwhelming that the Federal Open Market Committee will choose to leave its key interest rate at its current range of 4.25%…

Mortgage Lock Volumes Were Up Last Month, But How Long Will It Last?

Mortgage Lock Volumes Were Up Last Month, But How Long Will It Last?

Mortgage lock volumes increased last month, but continued improvement depends on the economy moving into the spring buying season. Mortgage Capital Trading reported a 27.9% increase in mortgage lock volume month-over-month in February, following a typical seasonal pattern after December and January. MCT suggests that the trend looks good for the upcoming spring buying season,…

No Action Taken On Federal Funds Rate At FOMC Meeting

No Action Taken On Federal Funds Rate At FOMC Meeting

By PATRICK LAVERY Experts trying to predict the outcome of Super Bowl LIX have nothing on those watching the Federal Reserve Board, as hints and signposts leading up to this week’s meeting of the Federal Open Market Committee accurately pointed to the action taken Wednesday: no change in the target range for the federal funds…

FOMC Meeting Will Be Watched Closely
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FOMC Meeting Will Be Watched Closely

By PATRICK LAVERY The inauguration of President Donald Trump to his second, non-consecutive term last Monday was quickly followed by a flurry of executive orders and policy redirection that the administration hopes will set the course for the United States for the next four years. But the first economic crisis of the new Trump presidency…

Federal Reserve Cuts Rates For Third Time, Stocks Drop

Federal Reserve Cuts Rates For Third Time, Stocks Drop

By PATRICK LAVERY Experts and analysts had been predicting it for weeks, so the first shoe to drop Wednesday afternoon was expected: The Federal Open Market Committee voted to cut its key interest rate by another quarter-point, its third consecutive cut after more than a year of inaction, and a resultant reduction of 100 basis…

What To Expect From The Federal Reserve

What To Expect From The Federal Reserve

By PATRICK LAVERY What seemed optimistic 11 months ago, only to devolve into being far-fetched by the middle of the year, is now likely. When the Federal Open Market Committee holds its final two-day meeting of 2024 this week, the dream floated by some officials back in January of cutting the Fed’s key interest rate…

Quarter-Point Rate Cut From FOMC After Trump’s Election
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Quarter-Point Rate Cut From FOMC After Trump’s Election

By PATRICK LAVERY Donald Trump’s victorious performance on Election Night that will return him to the presidency in 2025 portends to cast a long shadow over housing affordability, but for now, the Federal Reserve Board is continuing a resumption of rate cuts that began in mid-September by slashing its key interest rate another quarter of…

In Shadow Of Election Day, Fed Set To Cut Rates For Second Time

In Shadow Of Election Day, Fed Set To Cut Rates For Second Time

By PATRICK LAVERY The result will have no immediate bearing on the decision-making process, but the outcome of Tuesday’s United States presidential election – which may still be in question for days afterward – figures to cast a shadow over the Federal Open Market Committee’s next scheduled meeting this week. In fact, because of Election…

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