According to the minutes of a recent Federal Reserve meeting, Fed officials said that raising interest rates could happen soon, assuming the economy remains in good shape.
MarketWatch reports that officials also are concerned about the upcoming stimulus package from the Trump Administration. The minutes said that officials are unsure what to do about interest rates.
Only a “couple” of the 17 Fed officials argued that uncertainty over fiscal policy should not delay a near-term rate hike. Most officials said it would take “some time” for the outlook on fiscal policy to become clearer.
The Fed voted to freeze interest rates at the last meeting on February 1. Officials will meet again in mid-March.
Advertisement
Related Stories
Business Management
How 2023's Housing Market Conditions Are Affecting the 2024 Market
Last year ended on an optimistic note, but persistent headwinds still exist to keep 2024 from getting the housing market back to pre-pandemic levels
Economics
Mortgage Applications Increase Week-Over-Week, but Rates Remain a Challenge for Buyers
Data from the Mortgage Bankers Association show slight signs of optimism in national housing market
Government + Policy
Housing Affordability Becomes Debate Topic in 2024 Presidential Election
Presidential candidates are tackling affordability issues as home price-to-income ratio reaches record high
