A federal judge on Friday blocked subpoenas that the U.S. Department of Justice (DOJ) served the Federal Reserve in a case involving Jerome Powell’s Congressional testimony on the central bank’s headquarters renovation.
The odds that the Federal Reserve will cut benchmark interest rates again in December are still high — but not as high as they were before last week’s cut.
A growing number of economists believe the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry.