For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%, but it warned that rate hikes could resume if the Canadian economy shows advanced signs of fraying. “The Canadian economy has entered a...
Fasten your seat belts – Federal Reserve Chairman Jerome Powell isn’t done with rate hikes. In a speech this morning before an economic policy symposium in Jackson Hole, Wyoming, Powell insisted that the central bank’s goal of driving inflation down to 2% may require...
After today’s announcement by the Federal Reserve that it is pausing its strategy of raising interest rates, one of the nation’s most prominent housing economists has called on the central bank to back off from future hikes. Lawrence Yun, the chief...
The Federal Reserve hit the pause button and opted not to vote for another rate hikes. The central bank’s policymaking Federal Open Market Committee voted unanimously to hold the federal funds rate at the 5% to 5.25.% range. Prior to this decision, the Committee voted...
FBI Investigating Lurin Capital Amid Multifamily Collapse
