The Federal Reserve will likely begin to taper its bond buying program before the end of the year. As for rate hikes? Don’t expect those any time soon. Fed Chairman Jerome Powell spoke from the Fed’s meeting in Jackson Hole last week and reiterated that there is “much ground to cover before we reach maximum employment” and that means it will be some time before the central bank can raise interest rates from 0%. The 0% overnight lending rate has been in place since March 2020.
from Movement Mortgage Blog https://ift.tt/3kvBVQX
via Naza Finance Blog
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