Atlanta Federal Reserve President and CEO Raphael Bostic predicted the central bank’s policymaking Federal Open Market Committee could begin to cut rates in the third quarter or even earlier. In prepared remarks published ahead of an appearance before an Atlanta...
Cantor Fitzgerald CEO Howard Lutnick has seen the future of the commercial real estate sector, and he is observing a messy time ahead. “I think $700 billion could default,” said Lutnick in an interview on Fox Business from the World Economic Forum in Davos,...
Federal Reserve Governor Christopher Waller said the U.S. economy was “within striking distance” of the central bank’s goal of a 2% inflation rate, but he cautioned against pushing for interest rate cuts until a lower inflation environment was sustainable....
Federal Reserve Bank of Philadelphia President Patrick Harker stressed the importance for the central bank to lower interest rates – just not in the immediate future. Speaking today in an interview with the Philadelphia radio station WHYY, Harker said, “It’s important...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
