Treasuries pared gains spurred by demand for havens as the first full week of the new year brought an expected surge in sales of new corporate bonds that will compete for investor cash. Processing Content The rally sparked by the weekend US arrest of Venezuela’s President Nicolas Maduro also faltered as oil prices rebounded from […]
Treasuries rally stalls amid resurgent corporate bond supply Read More »
Key Insight: One of the most consequential developments will be President Donald Trump’s choice to replace Fed Gov. Stephen Miran, because whomever Trump selects is likely to also serve as the next Fed chairman after Fed Chair Jerome Powell’s term expires in May. Expert Quote: “If the FOMC is no longer acting purely neutrally with
The coming year will be pivotal for the Federal Reserve Read More »
Mortgage rates started the year slightly above 7% but are heading into the holiday season near the 6.2% level. Looking ahead to 2026, lenders and industry experts expect some relief, though not a dramatic shift. On Monday, Mortgage News Daily reported that 30-year conventional fixed rates averaged 6.24%, down 2 basis points (bps) over the
Mortgage rates cool in 2025, but 2026 relief likely limited Read More »
Donald Trump said he expects his Federal Reserve chair to lower interest rates if the economy is doing well, the latest signal that the president is eager for a nominee committed to borrowing cost cuts as he nears an announcement of his choice to replace Jerome Powell. Processing Content “I want my new Fed Chairman
Fed chair should lower rates if the market does well, Trump says Read More »
Key insight: The Federal Reserve is loosening its reins on crypto activities allowed for banks, with particular attention paid to noninsured state-chartered banks. What’s at stake: Custodia, a special purpose depository institution, has been engaged in a lawsuit against the Fed over the central bank’s denial of Custodia’s application for a master account. Expert quote: “I cannot agree
Fed rescinds Biden-era crypto guidance Read More »
Bloomberg News Processing Content Key takeaway: Federal Reserve Gov. Stephen Miran presented a number of contributors currently propping up goods inflation, including volatility in price data and lingering post-pandemic effects. Expert quote: “I accept I don’t know what’s driving higher goods inflation currently.” — Fed Gov. Stephen Miran. What’s at stake: Looking ahead to next
Fed Gov. Miran says goods inflation may remain elevated Read More »
Key insight: The Senate Banking Committee hasn’t had an oversight hearing of prudential banking regulators since May 2024. What’s at stake: The lack of oversight comes as the agencies slash staff and change policy direction according to the direction of the Trump administration. Forward look: The Senate Banking Committee has a tight calendar until the
Senate Dems press for oversight hearing before year-end Read More »
Vincent Alban/Bloomberg Processing Content Key Insight: Both regional Federal Reserve presidents, who are voting members of the Federal Open Market Committee in 2025, said they wanted interest rates to remain unchanged because of inflation concerns and a lack of official data. Expert Quote: “Inflation remains too high, the economy shows continued momentum, and the labor
Fed’s Goolsbee, Schmid lay out case for interest rate pause Read More »
Key Insight: The Federal Reserve Thursday voted unanimously to reappoint all existing regional Fed bank presidents and first vice presidents. Supporting data: All 12 regional Fed Bank presidents and first vice presidents serve five-year terms ending in years that end with a 1 or a 6. The terms expire on Feb. 28, 2026, but the
Fed unanimously reappoints all regional presidents Read More »
The mortgage industry is still weighing the impact of the latest Federal Open Market Committee short-term rate reduction on housing. Processing Content But reflecting trends prior to the meeting in the benchmark 10-year Treasury used to price mortgages, the 30-year fixed rate gained 3 basis points, while the 15-year climbed 10 basis points, the Freddie
Mortgage rates higher after FOMC rate cut priced in Read More »