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Posts Tagged ‘ Several ’

Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

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Yellen: Expect Rate Hike in 2015, Several Years before Fed Funds Rate “back to normal” level

From Fed Chair Janet Yellen: The Outlook for the Economy f the economy continues to improve as I expect, I think it will be appropriate at some point this year to take the initial step to raise the federal funds rate target and begin the process of normalizing monetary policy. To support taking this...
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Mortgage News Daily: Mortgage Rates Near 2015 Highs, Several major Lenders at 4%

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Mortgage News Daily: Mortgage Rates Near 2015 Highs, Several major Lenders at 4%

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, the ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 205,000 payroll jobs added in April, up from 189,000 in March....
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FOMC Minutes: “Several participants” support varying QE asset purchases

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FOMC Minutes: “Several participants” support varying QE asset purchases

Note:  My read is the FOMC is modestly more optimistic on the economic outlook, and are prepared to vary the amount of QE asset purchases based on incoming data. From the Fed: Minutes of the Federal Open Market Committee, January 29-30, 2013. On the outlook: In their discussion of the economic situation, meeting participants...
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