- 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
[NEW YORK] The US Federal Reserve remains on track for two more interest rate increases this year despite some weak recent economic data including a drop in inflation, Fed Vice-Chair Stanley Fischer said on Friday. "We're feeling that way. So far I haven't seen anything to change that," he said on CNBC when asked whether two more policy tightenings in 2017 were appropriate, adding the Fed is "not tied to" that plan.Read More
Things are about to get even harder for distressed retail chains thanks to rising interest rates.
After years of low rates fueled a private equity "feasting" on retail firms, the number of troubled chains has tripled over the past six years, and is now at its highest level since the Great Recession.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
The average rate for a 30-year fixed-rate mortgage rose to 4.16%, up from 4.13% last week, according to Freddie Mac. A year ago, rates were sitting around 3.97%.
At the current interest rates, buyers will pay $21 more per month compared to a year ago, assuming a $241,000 price tag and 20% down payment.Read More
The Fed, after over 18 months of dithering, is finally embarking on a strong dollar policy. That is what I see as the ultimate consequence of the Dec. 14 announcement by the Federal Open Market Committee to hike interest rates by 0.25%.Read More
Federal Reserve officials raised interest rates for the first time this year and forecast a steeper path for borrowing costs in 2017, saying inflation expectations have increased “considerably” and suggesting the labor market is tightening.Read More