Former Fannie Mae executive Tim Rood provides an overview of the housing market after August homebuilder sentiment plunged on ‘Cavuto: Coast to Coast.’
Federal Reserve officials indicated at their July meeting that additional interest rate hikes are necessary in the coming months until policymakers see evidence that inflation has cooled “considerably.”
Minutes from the U.S. central bank’s July 26-27 meeting released on Wednesday show that policymakers reiterated the need to raise interest rates to a level that brings consumer prices closer to their 2% goal. Officials voted unanimously to raise the benchmark federal funds rate by 75 basis points two weeks ago.
This is a developing story. Please check back for updates.
