Do you work at Federal Reserve Board (FRB)? Claim your profile
Federal Reserve leaves the door open for increases.
While the Shelter Index remains high, experts see an opportunity for a decrease in mortgage interest rates.
Despite mounting pressures, the central bank remains cautious as housing and mortgage sectors show signs of stagnation.
Despite recent drops in inflation, Powell hints at potential rate hikes; emphasizes the need for a stable economy amidst accelerated growth risks.
Fed retains current rate between 5.25%-5.5%; Housing market may see a shift as inflationary pressures are monitored and policy adjustments are made.
Powell emphasizes cautious approach to inflation management, despite robust economic indicators.
