hiringposing a quandary for the Federal Reserve as it readies to make a decision on Wednesday about whether to impose another rate hike.
Investors and policymakers will closely scour comments made by Fed Chair Jerome Powell for clues about the central bank's path over the remainder of the year.that the U.S. economy expanded at a 4.9% annualized rate over three months ending in September. That breakneck pace more than doubled growth over the previous quarter and reinforced other recent indicators of sturdy performance.
High mortgage rates have dramatically slowed the housing market, since homebuyers have balked at the stiff borrowing costs and home sellers have opted to stay put with mortgages that lock them into comparatively low rates.
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Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesThe Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. U.S.
Source: AP - 🏆 728. / 51 Read more »
Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelinesThe Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors.
Source: wjxt4 - 🏆 246. / 63 Read more »
Why Treasury's borrowing needs could overshadow the Federal Reserve decision‘We are running outsized deficits for an economy at full employment,’ said Gregory Faranello, head of U.S. rates for AmeriVet Securities in New York. ‘This has market participants concerned.’
Source: MarketWatch - 🏆 3. / 97 Read more »