The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, […]
Authored by Thorstein Polleit via The Mises Institute, US interest rates keep creeping upwards, largely because the US Federal Reserve (Fed) is expected to ramp up borrowings costs further in the coming quarters. The Federal Funds Rate is now in a bandwidth of 1.75 to 2.0 per cent, and the yield on 10-year Treasuries has […]
by Tyler Durden In what has become a veritable cottage industry of predictions for when the 10Y yield will cause a market crash (just last Friday both Tom Lee and Jeff Gundlach chimed in with their latest forecasts), overnight Goldman’s economists published a detailed take on i) what has caused rates to jump by 70bps in 5 months, […]
By Michael Snyder Now that Donald Trump has won the election, the Federal Reserve has decided now would be a great time to start raising interest rates and slowing down the economy. Over the past several decades, the U.S. economy has always slowed down whenever interest rates have been raised significantly, and on Wednesday the […]
by Tyler Durden Over the past few months (not to mention last 7 years), the topic of America’s “missing inflation” has gained major prominence, because while supposedly every other aspect of the economy is humming along (which really just means that record numbers of waiters, bartenders and temp workers are hired and collect minimum wage […]
In a decision that could have gone either way, the Fed decided not to raise its key interest rate in September. America’s central bank hasn’t raised rates in almost a decade and rates have been stuck near zero since the depths of the financial crisis in December 2008. Concerns about a global economic slowdown, low […]
By Andrew Moran Over the past several days, the New York Stock Exchange has seen steep losses. Financial analysts say that it’s a market correction in the wake of China’s slowing economy. Although the Dow Jones opened up Wednesday’s trading session in positive territory, some say this turmoil isn’t over. Former Texas Republican Congressman and […]
By A. Gary Shilling U.S. housing activity remains weak despite six years of federal government aid, strong interest from overseas buyers, rock-bottom interest rates and massive purchases of mortgage bonds by the Federal Reserve. Does this mean housing may never spring back to its pre-recession levels? Many signs point to yes. Don’t blame the Chinese, […]
(CNSNews.com) – Federal Reserve Chairman Janet Yellen, referencing the Congressional Budget Office’s long-term budget projections, told the Joint Economic Committee of Congress today that under current policies the federal government’s deficits “will rise to unsustainable levels.” In the 10-year budget projections it released in April, the CBO estimated that the federal government will run $7.618 trillion […]
Janet Yellen, newly confirmed Federal Reserve (Fed) chair, announced February 19th that America’s central bank is moving to cut off the massive financial lifeline that has been subsidizing the European banking system since the beginning of the global financial crisis in March of 2008. By delaying foreign bank compliance with the stringent capital and borrowing […]
