At the June 17–18 FOMC meeting, the Federal Reserve held rates steady and maintained its forecast for two rate cuts in 2025, while Fed Chair Jerome Powell warned that rising tariffs could drive inflation higher in the months ahead.
At the May 2025 FOMC meeting, the Federal Reserve held interest rates steady at 4.25%–4.5%, with Chair Jerome Powell emphasizing a wait-and-see approach amid mixed signals—resilient consumer spending, low unemployment, and lingering inflation.
Powell just weighed in on housing at the latest FOMC press conference, noting that long-term mortgage rates are rising for reasons “unrelated” to Fed policy, while acknowledging that higher rates remain a significant hurdle for housing activity.
At yesterday’s FOMC press conference, Fed Chair Jerome Powell announced a 50 basis point cut to the federal funds rate, the first reduction since COVID. Here’s a breakdown of his statements about housing.
At yesterday’s FOMC press conference, Fed Chair Jerome Powell hinted at a rate cut in September. Here’s a breakdown of his statements about housing.
Following the June 11-12 FOMC meeting, Fed Chair Jerome Powell summed up the results at the press conference. He reiterated the Committee’s decision to maintain the current federal funds rate and signed only one rate cut by the end of 2024.
At the FOMC press conference on May 1, 2024, Jerome Powell announced the Fed would hold rates steady, citing stubborn inflation leading to a wait-and-see approach. This BAM article breaks down all of Powell’s remarks on housing inflation and market rents.
This week in BAM (January 29–February 2, 2024) brings Jerome Powell’s latest comments on housing, portal wars heating up, a Ryan Serhant interview, a script for reviving neglected leads, the 6 biggest video mistakes, and more
A new Redfin report shows a $40,000 increase in purchasing power for homebuyers on a $3,000 monthly budget since mortgage rates peaked last fall.
In a letter to Fed Chairman Jerome Powell, Senator Elizabeth Warren and three other Democratic lawmakers express concerns that high interest rates have worsened the country’s housing access and affordability crisis.
Byron Lazine, Lisa Chinatti, and Tom Toole discuss the results of the latest Fed meeting, buyer sentiment lagging at near-historic lows, and a revised Fannie Mae forecast calling for a mild recession and a decline in home prices.
George Ratiu, KCM Chief Economist, joins Byron Lazine, Tom Toole, and Lisa Chinatti to discuss a bi-partisan affordable housing bill, U.S. debt default warning, flat inventory, how inflation impacts the 30-year fixed, and three reasons why buyers are not overpaying.
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