Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

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Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think

The economy is on a roaring run. Is a downturn imminent? Experts in housing are predicting a recession starting in 2020, according to Zillow’s 2018 Q2 Home Price Expectations Survey; however, they anticipate monetary policy—not the housing market—as primarily responsible for the swing. The Federal Reserve has been guiding fiscal policy since the Great Recession, […]

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Fed Hikes Rates—How Many More Are to Come?

The Federal Reserve carried out its first hike of 2018 on Wednesday, increasing interest rates one-quarter percentage point and leaving open the possibility of more raises this year. The action was anticipated by the market, which has been on a robust—and, at times, rollercoaster—run. “In view of realized and expected labor market conditions and inflation, […]

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Fed Raises Rate for Third Time This Year

The Federal Reserve acted as expected on Wednesday, increasing the key interest rate one-quarter percentage point for the third time this year. The action concludes a hastened 12 months for the policymaker, which raised the rate in March and June, as well as once in 2016 and once in 2015. It forecasts three rate raises […]

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Rate Rises Again in Second of 3 Expected Hikes

The Federal Reserve voted on Wednesday to raise the key interest rate one-quarter percentage point, ticking off the second of three hikes slated for this year. Analysts largely predicted the outcome, even as lagging inflation gave cause for concern. “In view of realized and expected labor market conditions and inflation, the [Federal Open Market] Committee […]

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The Fed will hike rates by 0.25% at its March meeting; here’s why

First, the good news: The economy is doing so well that the Federal Reserve will increase the cost of money by 0.25 percent on March 15, up to the 0.75 percent-1.00 percent range. All Fed officials have been on the same page, rare unanimity. …

When Fed raises short-term rates, pray long-term rates don’t follow

Federal Reserve Chairwoman Janet Yellen’s testimony, inherently a forecast, overwhelmed all other forces on markets this week. Yellen did a fabulous job. When the future is deeply uncertain, it’s the job of the Fed chair to turn on the fog, …

Lower mortgage rates, courtesy of the ‘gnomes of Zurich’

A policy change by the Swiss National Bank has addled markets and governments worldwide. How to explain that your lower mortgage rate is courtesy of the “gnomes of Zurich”? The 10-year T-note has bottomed at 1.72 percent, down more than …

Uberfication keeping a lid on wages that’s a drag on economic growth

Markets have paused, warily studying new plumes of smoke on the horizon. Not enough hazard to run to Treasurys or to scramble for oil, but not business as usual. Bergdahl, Brat, Baghdad and Barak … but the important happening was …

Eurozone rate cut could boost mortgage lending and give overseas investors more buying power

Currency and financial experts believe the 0.1 percent cut in the European Central Bank (ECB) benchmark and the historic deposit rate reduction to below zero could weaken the euro, benefiting international homebuyers funding purchases of eurozone prope…