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Hope springs eternal for mortgage rate market after Powell's comments

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United States Federal Reserve Nyheter

Mortgage Rate,Bond Market,Jerome Powell

Robert McLister: It’s 'unlikely that the next policy rate move will be a hike,' said Fed chair

gave the mortgage rate market hope this week. Despite robust U.S. economic numbers, it’s “unlikely that the next policy rate move will be a hike,” he told reporters Wednesday.

As we end the week, keep the peepers on yields after Friday’s marquee U.S. employment report. Bond markets could take rates higher if it’s too strong, and vice versa.

OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.The Canadian dollar strengthened against its U.S.

 

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Markets today: U.S. stocks rebound after data with eyes on PowellThe stock market rebounded as the latest set of economic data did little to alter bets the Federal Reserve will deliver rate cuts this year, following recent concern that the central bank would delay policy easing.
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