Federal Reserve Raises Rates by 75 Basis Points to Range of 3% to 3.25%… The move was widely expected, but the bankers also raised their estimate of rates for this year and next year. What it ...
Week In Review – August 22 2022
July Federal Reserve Meeting Shows Bankers Set on Raising Rates but More Cautious… The minutes included language that suggested the bankers were watchful of overshooting by raising rates too much, but ...
Week In Review – July 25 2022
Existing Home Sales Fell 5.4% in June, Are Down 14.2% Over Last Year… Sales dipped to an annualized rate of 5.12 million, the lowest since June 2020. Excluding the pandemic, it was the lowest sales ...
Week In Review – June 27 2022
Fed Chair Powell Says Fed Efforts Might Push Economy into Recession... In testimony before the Senate Banking Committee, Powell said that it is getting harder to engineer a soft landing. What it ...
Week In Review – May 24 2022
The Fed Is Willing To Push Unemployment Higher To Fight Inflation... In an interview with the Wall Street Journal, Fed Chair Powell reiterated that the central bank is committed to lowering inflation, ...