The Fed Hikes Interest Rate 0.5%, Raises Target For '23
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.
November CPI report shows annual inflation at 7.1% in November, down from 7.7% in October.
Economists say that report will make Fed's job harder.
The Bureau of Economic Analysis' original estimate was 2.6%.
CPI slipped to 7.7% in October, the smallest YOY increase since January.
Will buyers feel that inflation is under control, or will the Fed’s move drive up mortgage rates?
Has the Fed done enough to get the economy under control, or could market conditions push mortgage rates up further?
The Federal Reserve is likely to raise rates next week and again in December, January