Fed votes to continue taper, lowers growth expectations

Freddie extends mortgage forbearance for unemployed Mortgage finance firm Freddie Mac just announced that it will give unemployed borrowers a break on their mortgage for up to one year. "These expanded forbearance periods will provide families facing.

As 2013 drew to a close, the august body concluded that QE, which had ballooned the Fed’s balance sheet to $4.5 trillion, had achieved it’s intended goal and that the time to commence tapering was.

Fed says economy too weak to begin taper. By a vote of 9 to 1, the Fed decided to maintain the pace of its $85 billion-per-month asset purchase plan.. "We continue to anticipate a flow of.

The Federal Reserve will continue tapering purchases of government and mortgage bonds. They intend to purchase $15 billion in government bonds per month (down from $45 billion before tapering began) and $10 billion per month in mortgage bonds (down from $40 billion before tapering began.) The fed funds rate remains the same with a target range of 0.00% to 0.25%. ===== Release Date: July 30.

Economic data from January and February were lower than anticipated and many analysts and economists blamed this on the wintry weather that has hit much of the U.S. Brown Brothers Harriman said the.

In a near unanimous vote, the Federal Open Market Committee of the central bank elected to continue the taper program of quantitative easing started at the end of 2013 under the former Fed Chair. The.

S&P lowers the rating by a notch to A+ from AA-, the agency’s first China downgrade since 1999, but it also revised its. 40% of subprime mortgages stand delinquent, can prime be next? "In credit cards, for example, the national average balance only increased by 1.8% from last year, but the subprime card growth rate was 5.7%.

The Federal Reserve FOMC announced it will continue to taper $10B a month, will now purchase $15B/Month in Treasury’s and $10B/Month in MBS. The FOMC statement said the housing sector remains slow.

The Committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 1/4 percent will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the.

Federal Reserve Bank of St. Louis President James Bullard, a supporter of tapering bond purchases by the Fed, predicted stronger U.S. economic growth will push down. a program where we are likely.

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