Tagged: Federal Open Market Committee

The "rate cut then pause" prophesy came true. Now what?

Fannie Mae says boost to popular index arrived prior to recent jump in mortgage rates to 7%

Core inflation — less food and energy — remains slightly higher than the all items index

"We're nearing that time," Fed Chair Powell said of a reduction in the policy rate.

Inflation must hit its 2% goal for Fed to reduce rates.

Financial experts predict continued rate hikes despite cooling inflation.

Tells House Financial Services Committee that moderate increases still needed to curb inflation.

Federal Open Market Committee holds rate steady for the first time in more than a year.

Core inflation rose 5.3%, raising speculation the Fed will pause rate hikes in June but resume them in July.

Unemployment rate slips to 3.4%, lowest since 1969.