Not exact matches
On Thursday, New York Federal Reserve President William Dudley said the central bank's forecast of three
rate hikes still seemed a «very reasonable projection» but added there was a potential for
more, should the economy look stronger.
The Fed's official view remains
more hawkish than the market's expectations as reflected in, for example, the Fed funds futures contract which is
still pricing in only two
rate hikes by end - 2017.
Yellen conceded that the Fed
still likely will need to implement «gradual
rate hikes» over «the next few years,» but markets took her statement to mean that the central bank position could be
more dovish than anticipated.
Even some of the variable
rates you get offered can be
more affordable than what you're paying now, and
still be cheaper after a federal funds
rate hike.
Jim Bullard, President of the Federal Reserve Bank of St. Louis, says there is no need for the Fed to
hike rates any
more this year because inflation is
still low, further Fed
rate hikes could cause the currently flat yield curve to invert, and inflation expectations are
still low and stable.
Obviously including an IP
rating on the 5T would have
hiked the price up even
more, but it
still would have been nice to see this time around.
A few secondary markets like Charlotte, N.C., and Portland, Ore, show potential for price
hikes — cap
rates are
still more than 30 basis points higher than the previous peak.