Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is decreasing toward the Fed’s 2% goal, as stated by Fed Chair Jerome Powell in a press conference after yesterday’s meeting....
Fresh Economic Data Give Clues to Where Mortgage Rates May Be Headed
Mortgage industry analysts have been watching and waiting to see what the Federal Reserve will do—or say—next about rate cuts. They’re hedging their bets that the Fed will cut rates this year and, as an indirect result, mortgage rates will fall, too, and help revive...
Consumer Confidence Hits Two-Year High
Consumer confidence increased 6.8 points to 114.8 in January, the third consecutive month of increases and the highest reading seen since December 2021, according to the latest data from The Conference Board. “January’s increase in consumer confidence likely...
Mortgage Mix: loanDepot’s 16.6 Million Cyber Attack Update—We’re Making Progress
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. loanDepot provided an update this week on the cybersecurity attack that forced the company to shut down some of its...
Inflation Numbers Show Progress; Lower Mortgage Rates Possible Soon
The personal consumer expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, increased 0.2% in December, according to estimates released Jan. 26 by the Bureau of Economic Analysis (BEA). Excluding food and energy, the PCE price index...
Strategies to Boost Your Content’s Visibility
What’s the point of having a social media game plan if your content isn’t getting in front of the right people? Here are a few ways to improve your brand’s visibility and reach on social media.
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