by Alterna Mortgage | May 7, 2025 | Financing, Interest rates
Fed Chair Jerome Powell left its key interest rate unchanged again Wednesday May 7th and gave no hint of plans to lower the interest rate anytime soon, as tariffs raise the risks of either another inflation spike or recession. The central bank lowered the rate by a...
by Alterna Mortgage | May 2, 2025 | Financing, Interest rates
Expectations for a flurry of Federal Reserve interest rate cuts this year spiked as financial markets reeled in the wake of President Trump’s wave of global tariffs. The central bank is now expected by money markets to slash its key rate by 100 basis points before the...
by Alterna Mortgage | Apr 30, 2025 | Financing, Interest rates
The agency, which has returned $21 billion to consumers since its inception, could lose 1,500 of its 1,700 employees, a union warned. The full scope of the cuts was not immediately clear, but by late afternoon, hundreds of workers across all of the agency’s major...
by Alterna Mortgage | Apr 29, 2025 | Financing, Home Buying, Inflation, Interest rates
Federal Reserve chair Jerome Powell said the Trump administration’s tariff war will likely drive inflation higher and slow the US economy but dismissed the prospect of an imminent interest rate cut as those risks grow. The Fed chief described the extent of Trump’s...
by Alterna Mortgage | Apr 24, 2025 | Financing, Housing Market, Interest rates
Its dual mandate is low unemployment and inflation, two often competing goals. Raising interest rates can slow inflation but increase job losses, while cutting interest rates can increase hiring but risk faster inflation. A potential rock-hard-place moment for the Fed...
by Alterna Mortgage | Oct 14, 2024 | Financing, Home Buying, Housing Market, Interest rates, Real Estate
Do they continue to cut the rates? Do they pause? It could go either way. The Federal Reserve on Wednesday September 18th enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort...
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