vegassports-odds.com
vegassports-odds.com March 27, 2017


The Week Ahead: Will the Fed Follow Up on Rate Increases?

21 March 2017, 01:56 | Melvin Schneider

The Week Ahead: Will the Fed Follow Up on Rate Increases?

How Did the Fed’s Rate Hike Impact Precious Metals

"Given continued solid job growth and recent income gains, we believe this pace of rate increase will not derail the ongoing housing recovery".

Elsewhere, market participants were also digesting comments by Chicago Fed president Charles Evans who told Fox News that the Fed was on track to raise rates twice this year and could be more or less aggressive depending on whether inflation picked up or not. To be clear, the Fed's dot plot is typically out-of-whack with the Fed's actual rate hike timetable, but changes at its margins are still considered material.

Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari defended his status as the lone member of the central bank's Federal Open Market Committee (FOMC) to vote against an interest rate hike in a 13-page essay that challenged the Fed's policymaking process.

In a piece for HousingWire, he writes that the Fed's actions might actually be good for the housing market.

Microsoft's Surface Book 2 will be a regular laptop
The shipment is expected to start as early as April, sources from the upstream supply chain claim. We are probably just a few weeks away from the release of Microsoft's upcoming Surface devices.

Doc Rivers: 'Not Cool' for Cavs to Rest Stars
As for the concerns of broadcast partners, they make a lot of their value back come the playoffs, when guys are not rested . Smith scored 10 points apiece, as Cleveland shot 38.8 per cent and a season-worst 18.5 per cent from three-point range.

Katie Holmes says daughter Suri enjoyed visiting 'The Kennedys' set
She spent a lot of time on set as Katie not only starred in the show as Jackie Kennedy Onassis, but directed episode three. Over the past weeks, Katie and Suri have been spending precious time with family, including fun trips to the beach.

Also, he says, lending standards should loosen and mortgage rates will only moderately increase.

"We do not have a high-inflation threat right around the corner", Kashkari said during an interview on Bloomberg Television Monday, adding that the lack of price pressure affords the Fed patience in raising rates. "Yes, many existing homeowners will have a financial disincentive to sell because they would lose their lower than prevailing mortgage rates in doing so, the so-called rate lock-in effect". Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.8 basis points to 2.473 percent. Five-year fixed-rate mortgages are available at rates as low as 2.44% for high-ratio buyers, and at rates as low as 2.49% for low-ratio buyers.

The Bottom Line: The Fed raised its policy rate last week but the market's reaction was tempered by the its accompanying press statement, which confirmed that the Fed would remain cautious before initiating further rate increases. As such, the spike in our fixed mortgage rates that some had feared did not materialize, and that means its steady-as-she goes for both our fixed and variable mortgage rates.



Other News

Trending Now

The White House just shared an article condemning Donald Trump
Melania is the only First Lady in history not to have moved into the White House following the inauguration in January. "Mrs. Melania's parents spent the weekend at her husband's own exclusive resort.

Man Jumps Into Lagos Lagoon
Adegoke, was restrained by two RRS riders from plunging into the lagoon from the top of the Third Mainland Bridge. She heard a voice calling out to her to come to the Third Mainland Bridge.

Spicer: Former campaign chairman had 'very limited role'
On Monday, FBI Director James Comey told the House Intelligence Committee that he has seen nothing to back up Trump. Those leaks, the administration says, are the real problem.

Brexit: May will trigger article 50 on March 29th
Autumn 2018 to Spring 2019 - Just to make things complicated, Scottish government wants independence vote once Brexit deal is clear.