Yun: Fed's Recent Rate Hike Was Unnecessary
NAR Chief Economist says he expects Fed to stop boosting rates.
NAR Chief Economist says he expects Fed to stop boosting rates.
Raises federal funds rate by another 25 basis points, hints at potential pause.
Amidst banking turmoil, busiest day for rate locks recorded in 2023.
Rate hike is 8th since March 2022.
New Opportunities On The Horizon
Federal Bank of Minneapolis CEO offers thoughts on why Fed was wrong on inflation, and how to fix it.
The 50-basis-point hike is 7th in 2022, but target range for 2023 is still 85 basis points higher.