Fed Pause Won't Lower Mortgage Rates, Economists Say

Here are five key takeaways from the Fed rate decision and Warsh news conference

Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.

Fed pause won't lower mortgage rates, economists say

(The Center Square) – The Federal Reserve held interest rates steady Wednesday, a decision that does little for homebuyers facing mortgage rates near 7.3% and builder confidence that is at a 14-year low.

Fed Chair Warsh Says Current Conditions are Helping Create a Path Toward Lower Inflation

"We have started to see some changes in financial and credit conditions," Warsh said in his press conference following the central bank's policy decision.

Lower Inflation Is Key to Economic Progress, Warsh Says

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Fed's Warsh: Credit conditions tightened after September rate hike

Tightened credit conditions post-rate hike may strain corporate stability, influencing economic forecasts and future policy decisions.