Fed holds on rate change for now. Here's what it means for you [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
messaging about multiple potential rate cuts happening this year, signaling a single cut is now the more likely scenario. The Fed's Open Market Committee voted to keep rates at the current range of 5.25% to 5.5%, where they've stood since July of last year after a series of 11 straight increases were levied by the monetary body, a strategy aiming to cool off a too-hot U.S. economy. At a press conference Wednesday afternoon, Fed Chairman Jerome Powell said Fed officials did take into account the latest federal inflation data released by the U.S. Department of Labor on Wednesday morning before the rate policy vote was cast. The new Consumer Price Index finds overall inflation edged down slightly from April to May and finished the month at a 3.3% annual rate. Core CPI, which strips out volatile food and energy costs, ran at an annual rate of 3.4% in May. While Powell noted that the U.S. labor market is continuing to move into a better supply-and-demand balance, and inflation is edg
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FMCC
Sec Filings
- 6/21/24 - Form 25
- 6/11/24 - Form 8-K
- 5/29/24 - Form ABS-15G
- FMCC's page on the SEC website