The slowdown comes at the same time that the Federal Reserve's efforts to combat inflation have stalled.
Tagged: Federal Reserve Board (FRB)
Interest rate hikes and balance sheet reduction shrink net income for the central bank.
Inflation must hit its 2% goal for Fed to reduce rates.
Bankers from around the nation participate in Redlining the Reservation webinar.
Decision on interest rate reductions will be assessed on a month-to-month basis, as Powell expresses growing confidence in inflation control.
The Democratic U.S. Senator and three of her colleagues are asking the Fed to lower interest rates this week.
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.