#The Federal Reserve

Madisonians scramble to cope with higher gas prices

Will Cioci had big plans for 2022. When winter finally wore off, the lifelong Madisonian and recent graduate of the University of Wisconsin-Madison would load up his 2014 Mazda CX-5 and embark on a two-month road trip. He mapped a clockwise route that would take him to see family in Vermont, through the Northeast, across the South and up the entire West Coast.
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International Business Times

Wall St Set To Extend Bounce As Inflation Fears Ease

Wall Street's main indexes were set to open higher on Monday and extend gains from the previous week after a slide in commodity prices allayed concerns about an overly aggressive Federal Reserve that is seeking to tame inflation. All three key indexes posted solid gains last week, with the tech-heavy...

The Fed is not as behind the curve on inflation as investors think, and that sets the stock market up for more gains ahead, Fundstrat says

The stock market could see further gains ahead as inflation cools down, according to Fundstrat. The research firm believes the Federal Reserve is less behind the inflation curve than investors think. "Increasingly looks like markets mistook 'bullwhip' effect on supply chain for secular inflation," Fundstrat's Tom Lee said.

Refinance Rates for June 27, 2022: Rates Dip Since Last Week

A few closely followed refinance rates trailed off today, including 10-year fixed, 15-year fixed and 30-year fixed refinances. Like mortgage rates, refinance rates have been increasing since the beginning of 2022 -- and we expect that trend to generally continue through the remainder of this year. With inflation at a 40-year high, the Federal Reserve has already hiked interest rates three times and appears poised to raise them further in 2022. Rate hikes increase the cost of borrowing money, and homeowners considering a refinance may only find higher rates as the year goes on. If you're looking to lower your monthly mortgage payment, it could be advantageous to lock in a rate sooner than later. Make sure to think about your goals and circumstances, and compare rates and fees to find a mortgage lender who can meet your needs.

Mortgage Rates for June 27, 2022: Fixed Rates Cool Off Again

A variety of fixed mortgage rates decreased today. The average interest rates for both 15-year fixed and 30-year fixed mortgages went down. But we did see another hike in the average rate of 5/1 adjustable-rate mortgages. Mortgage rates have been consistently going up since the start of this year, and...
US News and World Report

Home Sales Rise in May, Ending Six-Month Losing Streak

Pending homes sales surprisingly increased by 0.7% in May, breaking a six-month string of declines as the Northeast saw a big bump in activity, the National Association of Realtors reported on Monday. [. READ:. Inflation, Home Sales, GDP Top Economic Data ]. The rise in sales, reflecting contracts signed to...

Student Loans: How Long Will Repayments be Paused?

Thanks to the pandemic, federal student loan payments have been on hold for more than two years. Right now that pause is scheduled to end on Aug. 31, 2022. But Secretary of Education Miguel Cardona testified at a Senate subcommittee hearing in June that another moratorium extension is still a possibility.