Last week’s scheduled economic reports included readings on inflation, Fed Chair Jerome Powell’s testimony before the House Financial Services Committee, and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released.
FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023
The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed’s current interest rate range is 0.00 to 0.25 percent.
What’s Ahead For Mortgage Rates This Week – May 17, 2021
Last week’s economic reports included readings on inflation, core inflation, and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released.
What’s Ahead For Mortgage Rates This Week – March 15, 2021
Last week’s economic reporting included data on inflation and job openings, and weekly readings n mortgage rates, and jobless claims.