Thought the Fed would give us an interest-rate break in '24? Think again [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
While inflation is better than it was in 2022 when it topped 9%, it is showing signs of resurgence right now. That may make the Fed reluctant to cut interest rates much in 2024. There's even a worry the Fed won't start to bring rates down at all this year. The Fed's key rate is the federal funds rate, which has been at 5.25% to 5% since July 2023. That was the lesson contained in the first-quarter Gross Domestic Product report economic report released Thursday by the Commerce Department. The report showed slowing economic growth overall — an annualized 1.6% — in the first quarter of 2024. But inflation was stronger than expected up to 3.4% from the first quarter of 2023. Related: Analysts reboot Amazon stock price target ahead of earnings The Fed "is now finding itself caught between a rock and a hard place," wrote Stuart Cole, chief macro economist at Equiti Capital in London, in a note to Reuters. Interest rates surged on the report, and stocks plunged. To understand th
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FMCC
News
- KBRA Releases Monthly CMBS Trend Watch [Yahoo! Finance]Yahoo! Finance
- Home prices aren't falling in the biggest metro areas for the first time in 2 years, Redfin says [Business Insider]Business Insider
- Walker & Dunlop (WD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, May 3, 2024 | Rates Inch Down but Remain Above 7% [Business Insider]Business Insider
- Mortgage rates push higher with no relief in sight: Freddie Mac [FOX Business Network]FOX Business Network
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/1/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/30/24 - Form ABS-15G
- FMCC's page on the SEC website