Yellen States Fed Rates to Increase

first_img Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Servicer Match-Up: A Comparison of MSR Values Next: Breaking Down Stereotypes Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Janet Yellen,Chair of the Board of GovernorsFederal Reserve SystemIn her last public remarks before the Federal Reserve’s March 14 -15 meeting, Federal Reserve Chair Janet Yellen announced plans to increase the federal fund rate.”We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect,” she said at a speech in Chicago, according to prepared remarks that can be found at Business Insider.Whether these increases will come at the March meeting or later in the year remains to be seen, however, Credit Suisse finds it probable, according to a Yahoo! Finance report, James Sweeney, managing director of Credit Suisse said on Friday:“In response to these developments the market implied probability of a March hike has risen from 25 percent on February 1st to over 75 percent now. This market action could be self-fulfilling, because it undercuts claims that the Fed needs to use a meeting to ‘prepare the market’ for an upcoming hike.”Still, not all economists predict a hike after March 15. Chief Economist at Stifel Fixed Income, Lindsey Piegza, Ph.D. discussed the warnings from the Federal Reserve and the possibility of expectations not being met.”…the market has been disappointed before after buying into individual Fed members’ comments,” said Dr. Piegza. “Furthermore, unless the Committee opts to abandon their data-dependent stance in exchange for one of fiscal policy anticipation, the Fed will likely continue to exercise patience, pulling the rug out from under the market’s certain expectation of a third rate hike come the 15th.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Tagged with: Fed Increase Rate Yellen Fed Increase Rate Yellen 2017-03-03 Staff Writer Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago About Author: Staff Writer March 3, 2017 1,704 Views Yellen States Fed Rates to Increase Home / Daily Dose / Yellen States Fed Rates to Increase in Daily Dose, Featured Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img

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