- The Federal Reserve left its benchmark interest rate unchanged, as expected, at Janet Yellen's final meeting as chair.
- Inflation should stabilize around its 2% target this year, the Fed said, in an update to its previous language on one of its mandates.
- Traders expect the next rate hike in March, during the first meeting with Jerome Powell as Fed Chairman.
An Alternative To Traditional Real Estate Investing
The Federal Reserve followed through on its latest promise to raise interest rates. Fed Chief Janet Yellen announced a quarter point hike in the federal funds rate in March. But the increase has little to do with the ripple effect on mortgages and consumer loans, and more to do with a message from the Fed about the economy.Read More
Federal Reserve Chair Janet Yellen said an interest-rate increase would “likely be appropriate” at the central bank’s upcoming meeting if employment and inflation continue to meet policy makers’ expectations.Read More
A decade after the U.S. housing market collapsed, Federal Reserve officials are watching rising apartment towers as the next potential asset-price bubble, which could add to the debate about the pace of interest-rate hikes this year.Read More