The Fed will likely pause rate cuts/increases when The Fed reveals their plans today.
Breaking: Federal Reserve officials are likely to hold interest rates steady at 5.25-5.5%—a 20-year peak—for a 6th consecutive meeting.
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With inflation still high, rate cuts seem off the table for now.
Rate decision at 2pm Washington time.
The Street seems aligned.
Conforming rates are already up 161% under Biden.
According to Fed Funds Futures, no rate changes until after the Presidential election.
MBS returns have been abysmal under Biden/Powell.
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