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Rate Hikes Loom as Fed Hints at March Increases

Friday, Jan 28 2022
Lending
Written by  The Mortgage Leader

The Federal Reserve has given its most direct indication yet that it might begin raising interest rates as early as March, which will likely also put pressure on mortgage rates. So reports CNBC.

The FedThe central bank’s Federal Open Markets Committee said in a statement, “With inflation well above 2% and a strong labor market, the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.”

Federal Reserve Chairman Jerome Powell said the Fed plans to stop its bond-buying program soon as well.

Read the full article from CNBC.

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