Fed Unanimously Raises Rates With Housing Market ‘Losing Momentum’
After their long-awaited meeting, the Federal Open Market Committee (FOMC) unanimously voted to raise federal funds rates by a quarter of a percentage point, moving the target range for interest rates 25 basis points, from 3.5%-3.75%, to 3.75%-4%. During a press conference following the meeting, Fed Chairman Kevin Warsh cited the data from this past…
The post Fed Unanimously Raises Rates With Housing Market ‘Losing Momentum’ appeared first on RISMedia.
Categories
Recent Posts
The wrong levers
Can empowering small investors strengthen America’s housing supply?
Who owns the customer? That depends on whom you ask.
Florida, Texas, and California Lead the Nation in Foreclosure Starts
The Fed rate-hike cycle has started. What’s next?
Inside Hoda Kotb’s Long Island Beach Retreat as She Throws Adorable Surprise Party for Beloved Former ‘Today’ Driver
Where Do ‘The Secret Lives of Mormon Wives’ Stars Live? See Where They’re Headed in Light of Cast Shake-Up
Why Are Houses So Expensive Right Now?
8 New Construction Home Upgrades: Which Are Worth the Cost?
Dog Reunites With Firefighters Who Rescued Him From House Fire
