The FOMC press conference with Jerome Powell marked a 25 bp cut, SEP projections for two more cuts, and mortgage rates holding near 2025 lows.
Federal Reserve Chair Jerome Powell used the word “uncertainty” several times during the FOMC press conference. Housing came up twice, with reporters more focused on tariffs and the economy. Here’s what that means for housing and real estate professionals.
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 the November FOMC press conference, Fed Chair Jerome Powell announced a 25 basis point cut to the federal funds rate. Here’s a breakdown of his statements on housing and the U.S. economy following the 2024 presidential election.
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.
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.
At the FOMC press conference on March 20, 2024, Jerome Powell gave an opening statement and answered questions from reporters. Here we include questions and comments related to the housing market.
During the FOMC press conference on January 31, 2024, Jerome Powell directly addressed questions regarding housing price inflation and Senator Elizabeth Warren’s letter to the Federal Reserve.
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