Following the Federal Reserve’s decision to raise interest rates by 75 basis points, Chair Jerome Powell will hold a press conference to discuss the Federal Open Market Committee’s (FOMC) rate hike, current economic conditions, future monetary policy, and other related developments. Here is the live feed: https://www.youtube.com/watch?v=ukFnKCtptX4
Archives for September 2022
Federal Reserve raises interest rates to highest levels since 2008
The Federal Reserve raised the benchmark federal funds rate by 75 basis points following the September Federal Open Market Committee (FOMC) policy meeting. This lifted the target rate to a range of 3% to 3.25%, the highest level since 2008. According to the FOMC’s dot-plot, here is what the path to future interest rates look […]
3 key developments in the U.S. Treasury market today
Three key developments occurred in the U.S. Treasury market today. First, the two-year yield topped 4% for the first time in more than a decade. The other notable news on Wednesday was that the spread between the two- and ten-year yields widened to -42 basis points. This is crucial because it typically signals a recession […]
Pain at the pump again? Gas prices rise for first time in 100 days
For the first time since gasoline prices peaked at $5.012 in early June, the national average for a gallon of gas rose. According to the American Automobile Association (AAA), the national average pump price climbed by a penny to $3.68 per gallon. After a 100-day streak of declining national average gas prices, the streak is […]
U.S. homebuilder sentiment plunges for ninth straight month
Homebuilder sentiment has cratered in the United States amid rising interest rates and a slowing economy. The National Association of Home Builders (NAHB) Housing Market Index weakened to 46 in September, down from 49 in August. This was also below the market forecast of 47 and represented the lowest reading since May 2020. Plus, it […]