Above, Fed Governor Christopher Waller As the Federal Open Market Committee’s (FOMC) next meeting quickly approaches, real estate professionals are closely monitoring Federal Reserve governors for any hints as to whether rates will remain the same or face increases. At Reuters NEXT Newsmaker Interview Thursday, Fed Governor Christopher Waller described his economic outlook and stated…
Above, Federal Reserve Chairman Kevin Warsh Real estate professionals anxiously awaiting lower mortgage rates may not see a decrease anytime soon, as it remains uncertain what action the Federal Reserve will take at its September meeting. In his debut speech at the 2026 Jackson Hole Economic Policy Symposium Friday in Wyoming, Fed Chairman Kevin Warsh…
When many economic indicators pointed to issues with inflation, the governors of the Federal Reserve’s Open Market Committee (FOMC) instead voted once again to maintain their “wait and see” approach in their most recent meeting. Newly released minutes from the meeting, however, reveal that three members of the committee did in fact advocate for a…
A resilient labor market may finally be bowing under the pressure of back-and-forth tariffs, the now five-month-long war against Iran and inflationary pressure on wages, with the federal Bureau of Labor Statistics (BLS) reporting a decrease of 23,000 payrolls in July with downward revisions of previous months. Most sectors lost jobs, with healthcare a notable…
The Federal Reserve chose to hold interest rates unchanged at the June Federal Open Market Committee (FOMC) meeting. The past few months, which have seen both higher inflation and a relatively soft labor market, have also created a sense of deadlock and a wait-and-see attitude among the Fed. While the June vote was ultimately unanimous,…
Jerome Powell’s reign at the Fed may be at its end, but he’s not going anywhere. On Wednesday, the Federal Reserve held interest rates steady at its April Federal Open Market Committee (FOMC) meeting, leaving the federal funds rate unchanged at a rate of 3.5%-3.75% for the third straight month since December’s quarter-point cut. And…
While many across the industry were predicting interest rate cuts and a transition to a more balanced economy in 2026, the year so far has been shaping up a bit differently. Inflation remains elevated, mortgage rates are facing difficulty due to rising geopolitical tensions in the Middle East, and the Federal Reserve has yet to…
As largely expected, the Federal Reserve held interest rates steady at its March Federal Open Market Committee (FOMC) meeting, leaving the federal funds rate unchanged at a rate of 3.5% – 3.75%—the same level established following December’s quarter-point cut. There was a singular dissenting vote from Stephen I. Miran, who preferred to lower the target…
President Donald Trump announced Friday morning his nomination of Kevin Warsh—a former Federal Reserve governor—to serve as the next chair of the Federal Reserve, replacing Jerome Powell, who was nominated by Trump during his first term and reappointed by former President Joe Biden. “I am pleased to announce that I am nominating Kevin Warsh to…
Above, Fed Chair Jerome Powell The Federal Reserve has announced its interest rates will remain unchanged during its Jan. 28 meeting. This follows three straight rate cuts from the prior three Federal Open Market Committee (FOMC) meetings of 2025. The FOMC announced at its first meeting of 2026 that it has kept interest rates at…
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