Inflation

Fed Interest Rate Stays Unchanged May 2024

May 6th, 2024

The Fed kept interest rates the same on May 1, 2024. This is a continued pause, as we saw in the March 2024 Federal Reserve meeting. Inflation continues to above the central bank’s goal of 2%, which is why the Federal Reserve Committee is not dropping rates again at this time. I had a closing [...]

Fed Interest Rate Remains Paused March 20 2024

March 20th, 2024

The Fed kept interest rates the same in their meeting March 20, 2024. This is a continued pause, and even with the pause, the Federal Reserve Chair still expects to see three rate cuts in 2024. Just not yet. Inflation is still above the central bank’s goal of 2%, which is why the Federal Reserve [...]

Fed Interest Rate Update March 6 2024

March 6th, 2024

The Federal Reserve Chair wrote in prepared remarks for a mandated regular appearance at congress that he doesn't anticipate rate drops quite yet. Inflation is still above the central bank’s goal of 2%, which is why the Federal Reserve Committee is not planning to drop rates at this time. The Fed Chair did say that [...]

Fed Leaves Rates the Same January 31 2024

February 1st, 2024

The Fed left the interest rates the same when they met on January 31, 2024. They stated that there are currently no plans to cut rates, as inflation is still above the central bank’s goal of 2%. They also indicated that as of right now, there are no plans to hike rates. Fed Chair Jerome [...]

Fed Interest Rate Unchanged November 2023

November 2nd, 2023

The Fed did not hike interest rates at the beginning of November 2023. This is a continued pause after the Fed also did not raise rates in September 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? There should not be much of an effect on [...]

Fed Interest Rate Hike July 2023

July 28th, 2023

The Fed hiked interest rates again at the end of July 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? Hopefully there won't be much effect on your potential mortgage rate. Mortgage rates are affected by many factors. Yes, the Fed's spike may be one of [...]

Fed Interest Rate Update March 2023

March 23rd, 2023

The Fed hiked the interest rate up 1/4 of a point on Wednesday, March 22, in an attempt to continue to fight inflation. This is the ninth interest rate hike in the past year. The Fed did imply that the collapse of Silicon Valley Bank and Signature Bank may pause further increases in interest rates, [...]

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