Despite recent drops in inflation, Powell hints at potential rate hikes; emphasizes the need for a stable economy amidst accelerated growth risks.
Tagged: Federal Reserve Board (FRB)
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.
Uncertainty about fight against inflation suggests more hikes might be needed.
Interest rate hikes and cooling rental markets lead to most severe contraction since global financial crisis.
Concerns rise over impact on housing sector and potential economic downturn
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.
Addresses reconsiderations of value (ROV) for residential real estate transactions.
The rule is intended to ensure the credibility and integrity of Automated Valuation Models.