Jerome Powell is set to step down this week after a particularly eventful tenure
The rate relief buyers were waiting for may not be coming
Members of the Federal Open Market Committee were split 8-4
The move removes a Senate hold on Trump's Fed chair nominee
Lenders are pouring money into AI, Redfin's Daryl Fairweather said. As a result, there's less capital leftover for loans on everyday items
The next Fed chair may be more receptive to the president's calls for rate cuts, but they'll have to convince other central bank policymakers to give up their independence
Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60K jobs a month
The 9-3 split vote reflects differing views on whether the central bank's biggest worry is inflation or rising unemployment, with data lagging after the government shutdown
The president jokingly told Treasury Secretary Scott Bessent that his job is also on the line if rates don't come down, as poll shows inflation will be a key issue in 2026 midterm elections
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors see only a 34% chance of a Dec. 10 rate cut.
Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6% last week compared to the week before and 31% from a year ago
In this Inman exclusive video interview ahead of the ‘Selling the OC’ Season 4 premiere, The Oppenheim Group founder got real about the market, interest rates and the Federal Reserve
Improve your understanding of how broad economic factors impact the housing market
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
Last week, Inman staff writers and contributors had governmental and economic shifts on the brain, writing about rates, sales trends and the national debt