Does Powell’s tough talk mean another 75 bps rate hike?
Does Powell’s tough talk mean another 75 bps rate hike?
Although Powell didn’t specify how high the FOMC might raise the federal funds rate, markets reacted to the comments by falling sharply.
The post Does Powell’s tough talk mean another 75 bps rate hike? appeared first on HousingWire.
You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Although Powell didn’t specify how high the FOMC might raise the federal funds rate, markets reacted to the comments by falling sharply.
The post Does Powell’s tough talk mean another 75 bps rate hike? appeared first on HousingWire.
Although Powell didn’t specify how high the FOMC might raise the federal funds rate, markets reacted to the comments by falling sharply.
The post Does Powell’s tough talk mean another 75 bps rate hike? appeared first on HousingWire.
The Fed on Wednesday raised the federal funds rate by another 75 basis points to 3.75%-4%, launching it to the highest level since December 2007.
The Fed on Wednesday raised the federal funds rate by another 75 basis points to 3.75%-4%, launching it to the highest level since December 2007.
The housing industry and market watchers in general are preparing for a big week as the Fed is set to announce its next benchmark interest-rate move on Wednesday, Sept. 21, with most observers expecting at least a 75-basis point bump.
The post Fed watchers expect at least a 75 bps rate hike appeared first on HousingWire.
The housing industry and market watchers in general are preparing for a big week as the Fed is set to announce its next benchmark interest-rate move on Wednesday, Sept. 21, with most observers expecting at least a 75-basis point bump.
The post Fed watchers expect at least a 75 bps rate hike appeared first on HousingWire.
Markets are now fully pricing in another 75-bps rate hike by the Bank of Canada next week following the release of September’s inflation data on Wednesday. The headline Consumer Price Index (CPI) came in stronger than expected, decelerating just slightly to an annual growth rate of 6.9% in September, just a tick down from 7% in August. Meanwhile, the average of the Bank of Canada’s three preferred measures of core inflation, which strips out more volatile items, came in at 5.3%, matching a...
Markets are now fully pricing in another 75-bps rate hike by the Bank of Canada next week following the release of September’s inflation data on Wednesday. The headline Consumer Price Index (CPI) came in stronger than expected, decelerating just slightly to an annual growth rate of 6.9% in September, just a tick down from 7% in August. Meanwhile, the average of the Bank of Canada’s three preferred measures of core inflation, which strips out more volatile items, came in at 5.3%, matching a...
Variable-rate mortgage holders will see their interest costs rise once again starting this week as prime rate rises to 5.45%. The country’s Big 6 banks announced the increase following the Bank of Canada’s 75-bps rate hike on Wednesday. This latest move takes the Bank’s overnight target rate to 3.25%—300 basis points higher than it was in March and officially above the Bank’s “neutral” target range and into restrictive territory. It’s also the fastest pace of rate tightening sin...
Variable-rate mortgage holders will see their interest costs rise once again starting this week as prime rate rises to 5.45%. The country’s Big 6 banks announced the increase following the Bank of Canada’s 75-bps rate hike on Wednesday. This latest move takes the Bank’s overnight target rate to 3.25%—300 basis points higher than it was in March and officially above the Bank’s “neutral” target range and into restrictive territory. It’s also the fastest pace of rate tightening sin...
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 2.25%-2.50%, delivering what was expected by most investors and economists in recent weeks.
The post Fed hikes rate by 75 bps, back to 2018 level appeared first on HousingWire.
The Federal Reserve (Fed) on Wednesday raised the federal funds rate by another 75 basis points, to 2.25%-2.50%, delivering what was expected by most investors and economists in recent weeks.
The post Fed hikes rate by 75 bps, back to 2018 level appeared first on HousingWire.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.
Markets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday. If it does, it would be the BoC’s largest rate hike since 1998. That would take the Bank’s target overnight rate to 2.25%, and implies a prime rate (upon which variable-rate mortgages and lines of credit are priced) of 4.45%. The last time Canadians saw a prime rate above 4% was back in 2008. Experts agree that with inflation still stubbornly at 7...
Markets and economists alike overwhelmingly expect the Bank of Canada to lift its policy rate by 75 basis points when it meets this Wednesday. If it does, it would be the BoC’s largest rate hike since 1998. That would take the Bank’s target overnight rate to 2.25%, and implies a prime rate (upon which variable-rate mortgages and lines of credit are priced) of 4.45%. The last time Canadians saw a prime rate above 4% was back in 2008. Experts agree that with inflation still stubbornly at 7...
What does it mean to get a positive job report with all the talk about a recession? Let's look at the data in relation to recession red flags.
The post What does another good job report mean for a recession? appeared first on HousingWire.
What does it mean to get a positive job report with all the talk about a recession? Let's look at the data in relation to recession red flags.
The post What does another good job report mean for a recession? appeared first on HousingWire.
The Bank of England has voted to raise interest rates by 0.5 percentage points to 1.75% as the UK battles to prevent inflation running out of control. We look at what that means for your finances.So what does it mean for mortgages?It depends what type of deal you are on. Most borrowers are on fixed-rate mortgages, and so for the time being at least they are insulated from the impact of the latest interest rate rise.However, the banking body UK Finance says about 21% of households are on a variab...
The Bank of England has voted to raise interest rates by 0.5 percentage points to 1.75% as the UK battles to prevent inflation running out of control. We look at what that means for your finances.So what does it mean for mortgages?It depends what type of deal you are on. Most borrowers are on fixed-rate mortgages, and so for the time being at least they are insulated from the impact of the latest interest rate rise.However, the banking body UK Finance says about 21% of households are on a variab...