Charles Goodwin from Kiavi states that the Federal Reserve is not expected to lower mortgage rates in the upcoming meeting. With 93% of traders believing the federal funds rate will remain unchanged between 4.25% and 4.5%, there is significant bearish sentiment in the market. President Trump’s attacks on Fed Chair Jerome Powell add to the tension, raising concerns about potential changes in the Fed's leadership and structure of independence due to an upcoming Supreme Court case that could allow Trump to dismiss Powell.
Charles Goodwin, vice president of sales at San Francisco-based private lender Kiavi, expressed that the Federal Reserve is unlikely to lower interest rates in the near term.
Interest rate traders overwhelmingly concur, predicting that the federal funds rate will hold steady within the 4.25% to 4.5% range, reflecting market expectations.
President Trump's recent attacks on Fed Chair Jerome Powell illustrate longstanding tensions, focusing primarily on divergent views regarding interest rate policies.
The upcoming Supreme Court case, Trump v. Wilcox, poses a significant risk to Powell’s position and could alter the independence of the Federal Reserve.
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