Five things to watch from the Federal Reserve’s next meeting
The Fed’s Oct. 27-28 meeting will be the fourth of Chairman Kevin Warsh’s tenure, which has been marked by questions regarding his independence from President Trump. The Federal Reserve is expected to keep its key interest rate unchanged at its next meeting on Oct. 27-28. This will be the fourth meeting under Chairman Kevin Warsh, who has faced questions about his independence from President Donald Trump. The average 30-year mortgage rate reached a three-year high of 7.4%, before slipping to 7.32%. This could put home buying out of reach for another 5 million households. Further rate hikes by the Fed could push mortgage rates even higher. However, several top officials on the Fed’s rate-setting committee downplayed the likelihood of a rate hike in October. Investors now see almost no chance of an increase in the Fed's rate, currently at about 3.9%.
Publié : il y a 8 heures par dans Politics Finance
High mortgage rates have become another elevated cost for consumers, with the average 30-year mortgage reaching a three-year high of 7.4% earlier this month before slipping last week to 7.32%. A year ... [6454 symbols]
Les sujets: Markets, Federal Reserve
