26 Jul 2023 2:27 pm
**** Fed. Now I need to attempt to determine an ROI. We are building a new home and will finance a portion for a couple of years. I need to see how much it will cost me to buy down the rate, how much that reduces the note and how long it takes to get to a net of $0. Just keep the **** rate as is until the end of the year.Bruce » 26 Jul 2023, 2:09 pm » wrote: ↑ Powell says Fed will determine future rate increases 'meeting by meeting'
Chair Powell said the FOMC gave no guidance on the potential for further rate increases at future meetings.
"It's not something we've looked at," he said. "We're going to be going meeting by meeting and as we go into each meeting, we're going to be asking ourselves the same questions. So we haven't made any decisions about any future meetings, including the pace at which we consider hiking, but we're going to be assessing the need for further tightening that may be appropriate … to return inflation to 2% over time."
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The Dow is rising slightly on the news.
This is why the American dollar, is the world’s reserve currency.
No President would ever raise rates if the decision was political.