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Report: FBI Agents Seek Federal Help to Cover Housing Costs

Report: FBI Agents Seek Federal Help to Cover Housing Costs

by Phil Hall | Apr 12, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

FBI agents assigned to cities with a high cost of living are seeking federal assistance to help cover their housing expenses. According to an NPR report, the FBI Agents Association has requested $165 million to be included in the Justice Department’s 2025 budget...
Guest Opinion: The New York Fed Chief’s View of the Economy

Guest Opinion: The New York Fed Chief’s View of the Economy

by John C. Williams | Apr 11, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...

Housing Costs Help Drive Up Inflation in Latest Consumer Price Index Data

by Phil Hall | Apr 10, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The housing market contributed to the uptick in the latest Consumer Price Index (CPI) data published today by the U.S. Bureau of Labor Statistics. The CPI for March recorded a 3.5% year-over-year increase, up from the 3.2% annual uptick in February. Last month marked...
Fed Governor Says Rate Hike Possible if Inflation Stays High

Fed Governor Says Rate Hike Possible if Inflation Stays High

by Phil Hall | Apr 5, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The likelihood of the Federal Reserve cutting rates is now in doubt with a central bank leader hinting a rate hike is likely to control inflation. In prepared remarks published today ahead of a speech before the Spring 2024 Meeting of the Shadow Open Market Committee,...
Fed Governor Says Rate Hike Possible if Inflation Stays High

Federal Reserve Keeps Interest Rates Steady

by Phil Hall | Mar 20, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

For the fifth consecutive month, the Federal Reserve opted to hold interest rates in place. The central bank’s policy making Federal Open Market Committee voted unanimously to keep its benchmark overnight borrowing rate in a range between 5.25% and 5.5%, which is...
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