Categories for News

Fed Keeps June Rate Hike on the Table

May 3, 2017 by Leave a comment

FOMC still optimistic about economy The Federal Reserve’s Federal Open Market Committee (FOMC) concluded their two day meeting this afternoon with a written statement. With no post meeting press conference from Fed Chair Janet Yellen this time around, all of the focus was on the written announcement. There were really no surprises, with the main takeaway being... View Article

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Federal Reserve Raises Rates for Third Time in a Decade

March 15, 2017 by Leave a comment

FOMC ends meeting with rate hike The Federal Reserve’s Federal Open Market Committee (FOMC) concluded their two day meeting this afternoon with a written statement that declared they raised the target range for the nation’s benchmark interest rate–the federal funds rate–by a quarter point to 0.75%-1.00%. It was a nearly unanimous vote, with only one dissent... View Article

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Fed Minutes Show Rate Hike Could Happen ‘Fairly Soon’

February 22, 2017 by Leave a comment

According to the minutes from the Federal Open Market Committee (FOMC) meeting on Jan. 31-Feb. 1, Federal Reserve officials think that an increase in the federal funds rate might be appropriate “fairly soon.” Here is the main quote that financial market participants have picked up on: “Many participants expressed the view that it might be appropriate to... View Article

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Janet Yellen Keeps March Rate Hike in Play

February 15, 2017 by Leave a comment

Federal Reserve Chair Janet Yellen finished up speaking in Washington, D.C. today. Starting on Tuesday, she appeared before congress for her semiannual testimony on monetary policy. Day 1 was before the Senate banking Committee, and Day 2 was before the House Financial Services Committee. Whenever the Fed Chair makes public statements, financial market participants keenly... View Article

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Treasury Secretary Nominee Steven Mnuchin Calls for Housing Reform

January 23, 2017 by Leave a comment

Last Month: Markets think Mnuchin wants privatization Earlier last month, Donald Trump’s pick for Treasury Secretary Steven Mnuchin stated that getting Fannie and Freddie out of government control is “on the top 10 list of things that we’re going to get done.” He went further, stating: “It makes no sense that these are owned by... View Article

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Trump Reverses Reduction in FHA Mortgage Insurance Costs

January 20, 2017 by Leave a comment

On January 27th, new cuts to the FHA’s mortgage insurance premiums were supposed to go into effect. That won’t be happening now, though. Earlier in the month, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, announced  a 25 basis point cut in mortgage insurance for FHA borrowers. “After four straight years of growth... View Article

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