FOMC

Fed Chairman Jerome Powell, giving his first remote video press conference, said while the central bank stands ready to use any tool in its arsenal to ease the economic impact of the coronavirus, Congress needs to step in with more stimulus too.
April 29, 2020 4:50 PM

The Federal Reserve chairman pledged to use every tool at the central bank's disposal to limit the economic fallout from the coronavirus and urged lawmakers to take further action.

3 Min Read
Ed Al-Hussainy, senior interest rate and currency analyst at Columbia Threadneedle Investments
Gary Siegel
March 30, 2020 1:31 PM

While experts predict rates will not stay at zero lower bound as long as after the financial crisis, they don’t see a hike for years.

5 Min Read
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Christopher Whalen
March 19, 2020 2:18 PM

A number of proposals have been floated for debt payment holidays and other types of moratoria, but such approaches offer solutions that are worse than the problems.

5 Min Read
Gary Siegel
March 18, 2020 12:32 PM

With a significant decline in new infections in China, positive news may be ahead, one expert says.

7 Min Read
Diane Swonk, chief economist at Grant Thornton
Gary Siegel
March 16, 2020 9:02 AM

The Federal Open Market Committee lowered the fed funds rate target to between zero and ¼% in an emergency meeting on Sunday, but while analysts say the move was needed, they feel it will take more to offset the effects of COVID-19.

4 Min Read
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Brad Finkelstein
March 12, 2020 6:10 PM

Increased refinancing volume led Fannie Mae to raise its 2020 estimate by $300 billion and 2021 projection by $280 billion.

2 Min Read
Steve Skancke
Gary Siegel
March 9, 2020 12:23 PM

The markets continue to sink on virus fears, as even a 50 basis point rate cut by the Federal Reserve last week didn’t turn the markets around. The Fed meets again next week and many see more easing, but will those efforts prevent recession?

5 Min Read
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Gary Siegel
March 6, 2020 9:04 AM

Marc Odo, client portfolio manager at Swan Global Investments, discusses the Federal Reserve’s emergency rate cut, why more easing may not help, the rocky road ahead, and why consumer confidence will be the key indicator to watch. Gary Siegel hosts.

1 Min Read
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Brad Finkelstein
March 5, 2020 5:51 PM

Capacity constraints among mortgage lenders are leading to wider spreads between mortgages and the 10-year Treasury yield even after it remained below 1% for an extended period this week.

3 Min Read
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Glenn McCullom
March 5, 2020 11:14 AM

Mortgage rates hit their lowest point since Freddie Mac began tracking this data in 1971, as the 10-year Treasury yield fell below 1% after the Federal Open Market Committee's surprise short-term rate cut.

2 Min Read