Fed Hikes Federal Funds Rate by 75 Basis Points

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In: Realtor News

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Amid remarkably strong U.S. economic performance and continued inflation, the Fed on Wednesday raised the federal funds rate by 75 basis points to 3.75 to 4 percent, the highest level since December 2007. The decision, widely anticipated by Fed expertsContinue Reading

Federal Open Market Committee Is Expected to Raise Rates By 0.75% In Their Two-Day Meeting

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In: Mortgage News

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As the Federal Reserve’s Federal Open Market Committee (FOMC) begins its two-day meeting today, many observers expect it to announce another 75% rate hike on Wednesday. A third consecutive 0.75% increase in Federal Funds interest rates would be a seriesContinue Reading

How Did The Market React To Another FED Rate Hike?

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In: Mortgage News

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Analysts weighed the economy on Wednesday following the Federal Reserve’s latest interest rate hike a 0.75% hike that matched the central bank’s last move in June, the biggest jump in the key measure since 1994. The latest rate hike toContinue Reading