Major economic news this week centered around the steady rise of mortgage rates,
the anticipated Fed decision and retail sales.
Not exact matches
The
Fed's
decision to edge off of a crisis - level rate policy was long
anticipated and experts say this first rate hike in nearly a decade might not have much of an impact overall.
A large portion of the spread compression happened in reaction to two events: the
Fed's
decision to begin winding down its large - scale asset - purchase program known as quantitative easing on Dec. 18, and Janet Yellen's first meeting as
Fed chair on March 19, which coincided with the release of forecasts by
Fed officials who
anticipated earlier rate hikes than before.
Support came from the less hawkish than expected
Fed statement on Wednesday, following its widely
anticipated decision to leave policy on hold.
The move reflected dollar weakness caused by a less hawkish than expected
Fed statement following its widely
anticipated decision to leave policy on hold.
The minutes go on to state that the stock drop was not a primary factor behind the
Fed's widely
anticipated decision to keep its interest rate target on hold.
The Federal Reserve's (
Fed) widely
anticipated decision this week to raise interest rates for the first time in nearly a decade has garnered plenty of attention, especially from those concerned over the possible negative economic impact of rate increases.
The Federal Reserve (
Fed)'s
decision to leave its benchmark rate at its current level is a representation of the «wait - and - see» trend
anticipated by the market.
This was reinforced later in June by economic data which showed that the economy was not deteriorating further and by the
Fed's
decision to cut official interest rates by 25 basis points rather than the 50 basis points that had been widely
anticipated.
«Mortgage rates will likely stay low over the next few months as market participants await the Federal Reserve's
decisions on whether and when to raise its short - term policy rate... our forecast calls for mortgage rates to drift slightly higher over the next six months, increasing more around September when we
anticipate the
Fed will begin raising rates.»
The
Fed's
decision to raise interest rates by 0.25 percent in December has been widely
anticipated in the marketplace.