mortgages: Fed Rate Increases by .75
- 06/21/22 07:45 AM
Excellent content by Lender John Meussner. The Fed Raises Rates .75 - June 15, 2022 The Fed has announced that they are raising the Fed funds rate by .75 as a result of this week's meeting. This rate hike represents the biggest single increase since 1994, and comes on the heels of a hotter than expected inflation report last week. The Fed is not only increasing their rate, but in doing so, signaling their intent to put all means necessary toward stemming inflation that caught them by surprise, with many Federal Reserve members indicating inflation would be "transitory" as recently … (5 comments)
Excellent content by Lender John Meussner.
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