3 takeaways from the Fed’s rate hike this week

In its first policy meeting with Chairman Jerome Powell at the helm, the Federal Reserve moved as expected when it raised interest rates by 25 basis points this week. And while the Fed’s two-day policy meeting offered no big surprises to jolt markets, the central bank did make news when it raised its GDP forecast and indicated that future rate hikes could be more aggressive within the next year.

Markets fully priced in the possibility of the Fed raising interest rates, a move that tightens borrowing costs for banks and consumers and affects rates on mortgages and credit cards.

Continue reading 3 takeaways from the Fed’s rate hike this week at Movement Mortgage Blog.

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via Zero Mortgage Insurance