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Federal Reserve

Treasuries slip ahead of jobs report, possible tariffs ruling

Economic news, Federal Reserve, Treasury bonds, Treasurys /

Treasuries slid as investors anticipated Friday’s December employment data and possible Supreme Court strike-down of tariffs that have improved the US fiscal position. Processing Content Yields across maturities were higher by less than three basis points after rebounding from session lows. US economic data showing improved productivity, weekly initial jobless claims near recent lows and […]

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Fed’s Kashkari flags concern about labor market

Fed’s Kashkari flags concern about labor market

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

David Paul Morris/Bloomberg Processing Content Key Insight: Minneapolis Fed President Neel Kashkari said the labor market is continuing to cool, though he wants to see additional data before deciding how monetary policy should proceed. Expert Quote: “My guess is we’re pretty close to neutral right now, and we just need to get more data to

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Treasuries rally stalls amid resurgent corporate bond supply

Federal Reserve, Treasury bonds /

Treasuries pared gains spurred by demand for havens as the first full week of the new year brought an expected surge in sales of new corporate bonds that will compete for investor cash.      Processing Content The rally sparked by the weekend US arrest of Venezuela’s President Nicolas Maduro also faltered as oil prices rebounded from

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The coming year will be pivotal for the Federal Reserve

Federal Reserve, Monetary policy, Mortgage Rates, Politics and policy /

Key Insight: One of the most consequential developments will be President Donald Trump’s choice to replace Fed Gov. Stephen Miran, because whomever Trump selects is likely to also serve as the next Fed chairman after Fed Chair Jerome Powell’s term expires in May. Expert Quote: “If the FOMC is no longer acting purely neutrally with

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Mortgage rates cool in 2025, but 2026 relief likely limited

Federal Reserve, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center /

Mortgage rates started the year slightly above 7% but are heading into the holiday season near the 6.2% level. Looking ahead to 2026, lenders and industry experts expect some relief, though not a dramatic shift. On Monday, Mortgage News Daily reported that 30-year conventional fixed rates averaged 6.24%, down 2 basis points (bps) over the

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Fed chair should lower rates if the market does well, Trump says

Federal Reserve, Mortgage Rates /

Donald Trump said he expects his Federal Reserve chair to lower interest rates if the economy is doing well, the latest signal that the president is eager for a nominee committed to borrowing cost cuts as he nears an announcement of his choice to replace Jerome Powell. Processing Content “I want my new Fed Chairman

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Fed rescinds Biden-era crypto guidance

Federal Reserve, Politics, Politics and policy /

Key insight: The Federal Reserve is loosening its reins on crypto activities allowed for banks, with particular attention paid to noninsured state-chartered banks. What’s at stake: Custodia, a special purpose depository institution, has been engaged in a lawsuit against the Fed over the central bank’s denial of Custodia’s application for a master account. Expert quote: “I cannot agree

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Why the Fed isn’t worried about the jobs data

Federal Reserve, Housing Market, HWmember, Jobs Report /

The unemployment rate reached 4.6% today!  Nevertheless, the Federal Reserve perceives current conditions as stable, allowing for a policy stance slightly above neutral since labor market deterioration has not yet occurred. Since late 2022, I have consistently argued that the Fed shifted its approach to maintaining a more restrictive policy throughout this cycle. I have

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Fed Gov. Miran says goods inflation may remain elevated

Fed Gov. Miran says goods inflation may remain elevated

Federal Reserve, Monetary policy, Politics and policy /

Bloomberg News Processing Content Key takeaway: Federal Reserve Gov. Stephen Miran presented a number of contributors currently propping up goods inflation, including volatility in price data and lingering post-pandemic effects. Expert quote: “I accept I don’t know what’s driving higher goods inflation currently.” — Fed Gov. Stephen Miran.  What’s at stake: Looking ahead to next

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Senate Dems press for oversight hearing before year-end

FDIC, Federal Reserve, OCC, Politics and policy /

Key insight: The Senate Banking Committee hasn’t had an oversight hearing of prudential banking regulators since May 2024.  What’s at stake: The lack of oversight comes as the agencies slash staff and change policy direction according to the direction of the Trump administration.  Forward look: The Senate Banking Committee has a tight calendar until the

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