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Stock impact report

Experts say mortgage rates will stay high as Trump inflation fears negate expected Fed cut [Fortune]

Macerich Company (The) (MAC) 
Last macerich company (the) earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: macerich.com/investors
Company Research Source: Fortune
This comes after the Fed announced a 50-basis point cut to its benchmark interest rate in mid-September, the first cut in four years. For now, the central bank remains on course to cut interest rates another 25 basis points, Mark T. Williams, a former bank examiner for the Federal Reserve, told me. This decision is supported by strong employment numbers and inflation trending down to Fed target rates, he said. Will the anticipated cut help consumers in what is still a tough housing market? “Unfortunately consumers will not feel needed relief as the yield on the bellwether 10-year treasury, post-election, has leaped to almost 4.5%,” said Williams, a finance faculty member at Boston University's Questrom School of Business. Given how the 10-year treasury shapes mortgage rates, the cost of borrowing is likely to remain higher for longer, he said, adding that higher mortgage rates will also reduce the amount of homes on the market. “The bond markets have been betting on a Trump win f Show less Read more
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