Articles Recently Tagged: Stimulus

(4 posts)

Mortgage Rate Forecast For 2014

With the Federal Reserve continuing to taper stimulus spending despite a housing recovery that’s “struggling to shift into a higher gear,” Freddie Mac is forecasting  the average rate for 30-year fixed mortgages will begin rising in the second half of 2014 and end the year at “around 4.6 percent.” Last week, the average rate for Read More »

Fed Cuts Stimulus On Indicators Of Activity Despite Anemic Q1

While the U.S. economy grew by an anemic 0.1 percent in the first quarter of 2014, “information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently.” As such, the Fed is cutting its monthly stimulus spending by another $10 billion beginning in May while Read More »

Stock Market Rockets After Fed Announces Stimulus Cuts

As we noted last month, the minutes from the Federal Open Market Committee’s October meeting suggested that the Fed was “likely to trim their monthly purchase of $85 billion in bonds “in coming months,” perhaps even “before an unambiguous further improvement in the outlook apparent.” This afternoon the Fed announced it would Read More »

No New Stimulus For You! (At Least Not This Month)

According to Federal Reserve Chairman Ben Bernanke, although problems still exist (think unemployment and sagging home prices), “the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years” and the Chairman remains “optimistic” as the U.S. economy grew at a 1 percent pace Read More »